Honasa Consumer Limited has announced the grant of 5,74,400 stock options to its eligible employees under the ESOP – 2018 scheme. This move is part of the company’s commitment to incentivizing its workforce and aligning employee interests with organizational growth. Each option, with a face value of ₹10, is convertible into one equity share of the company, with an exercise price set at ₹10 per share.
Stock Option Grant Details
On May 19, 2026, the Nomination and Remuneration Committee of Honasa Consumer Limited approved the grant of 5,74,400 stock options. These grants are issued under the existing Employee Stock Option Plan – 2018 (ESOP – 2018), reflecting the company’s strategic approach to employee retention and long-term value creation.
Key Terms and Exercise Conditions
The granted options are subject to the terms and conditions stipulated in the ESOP – 2018 framework. Key features of the grant include:
- Conversion: Each individual option is convertible into one fully paid-up equity share of the company.
- Exercise Price: The options are priced at ₹10 per stock option.
- Exercise Window: Employees may exercise their vested options during their tenure of employment or within 90 days following their last working day with the company, subject to the guidelines established by the Nomination and Remuneration Committee.
Future Outlook
Upon the successful exercise of these vested options, the company will allot the corresponding number of equity shares to the participating employees. This program continues to serve as a critical tool for the company to attract and retain talent as it scales its operations in the beauty and personal care market.
Source: BSE
