Aditya Birla Sun Life AMC Limited has announced the approval of a grant of 5,68,804 Performance Stock Units (PSUs) to eligible employees. These PSUs are granted under the company’s Employee Stock Option and Performance Stock Unit Scheme 2025. The grant date is October 19, 2026, with a vesting period of 4 years. The exercise period for these PSUs is five years from the vesting date.
Aditya Birla Sun Life AMC Approves PSU Grant
Aditya Birla Sun Life AMC Limited has officially announced the approval of a significant grant of Performance Stock Units (PSUs) to its eligible employees. This decision was made by the Nomination, Remuneration and Compensation Committee of the Board of Directors.
Details of the PSU Grant
The total number of PSUs granted amounts to 5,68,804. Each PSU is convertible into one equity share with a face value of ₹5. These units are issued under the company’s ‘Aditya Birla Sun Life AMC Limited Employee Stock Option and Performance Stock Unit Scheme 2025’, also referred to as the ‘ESOP Scheme 2025’.
Vesting and Exercise Terms
The grant date for these PSUs is October 19, 2026. The pricing formula or exercise price is set at ₹5. The vesting period is structured with 100% cliff vesting after 4 years from the grant date. Additionally, up to 60% vesting may be considered in August 2029, contingent upon the achievement of FY 2030 targets early by March 31, 2029.
The PSUs may be exercised within 5 years from the date of vesting, indicating a defined exercise period post-vesting. The company has confirmed that the scheme aligns with the terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Source: BSE
