Bajaj Electricals Limited has announced the grant of 11,725 stock options to an eligible employee under its PSOP Plan 2023. Approved by the Nomination and Remuneration Committee on May 15, 2026, these options represent an equivalent number of fully paid-up equity shares. The exercise price is set at the face value of ₹2 per share, with a two-year exercise window following the vesting period.
Stock Option Grant Details
On May 15, 2026, the Nomination and Remuneration Committee of Bajaj Electricals Limited approved the issuance of 11,725 performance stock options. This grant is part of the company’s PSOP Plan 2023, aimed at incentivizing performance within the organization. The grant is restricted to one eligible employee.
Terms and Exercise Period
Each option carries the right to acquire one fully paid-up equity share of the company. The exercise price for these shares has been established at ₹2 per share, which aligns with the company’s equity share face value. Recipients of these options will have an exercise period of two years from the date of the respective vesting of the options, ensuring a structured approach to share acquisition for the beneficiary.
Source: BSE
