Aditya Birla Real Estate Limited’s Board of Directors has approved the formulation, adoption, and implementation of the “ABREL ESOP Scheme, 2026”. This scheme will be implemented through the “CTIL Employee Welfare Trust” via secondary acquisition. The proposed scheme involves granting stock options exercisable up to 8,29,000 equity shares, representing 0.74% of the company’s paid-up equity share capital, subject to shareholder approval.
Board Approves New Employee Stock Option Scheme
The Board of Directors of Aditya Birla Real Estate Limited has given its approval for the formulation, adoption, and implementation of a new employee incentive program, namely the “ABREL ESOP Scheme, 2026”. This strategic decision was made during the Board meeting held on Thursday, 13th August, 2026, following a recommendation from the Nomination and Remuneration Committee.
Scheme Details and Share Allocation
The “ABREL ESOP Scheme, 2026” will be executed through the “CTIL Employee Welfare Trust” and will involve a secondary acquisition of shares. The scheme aims to grant stock options that will be exercisable for an aggregate of up to 8,29,000 equity shares. This represents approximately 0.74% of the company’s existing paid-up equity share capital. The implementation of the scheme is contingent upon the approval of the company’s shareholders, which will be sought through a postal ballot process.
Regulatory Compliance and Next Steps
The details pertaining to the scheme, as required by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, will be elaborated in the explanatory statement accompanying the Postal Ballot Notice. The Board meeting commenced at 12:00 noon and concluded at 1:00 PM on the aforementioned date.
Source: BSE
