Angel One Limited has formally approved the grant of 7,886 Restrictive Stock Units (RSUs) to one eligible employee under the Angel Broking Employee Long Term Incentive Plan 2021. The effective grant date for these units is March 06, 2026. Each RSU is convertible into one Equity Share with a face value of Re. 1. The RSUs are subject to a vesting schedule spanning four years, as approved by the Nomination and Remuneration Committee (NRC).
Details of Share-Based Incentive Grant
Angel One Limited announced the approval of a new grant of equity incentives to one of its eligible employees. This action falls under the provisions of the Angel Broking Employee Long Term Incentive Plan 2021 (“LTI Plan 2021”). The total number of securities granted amounts to 7,886 Restrictive Stock Units (RSUs).
The effective date of this grant is officially recorded as March 06, 2026. The committee overseeing this plan is the Nomination and Remuneration Committee (NRC). The face value of the underlying Equity Shares is Re. 1 each.
Vesting and Exercise Terms
The document clarifies the key conditions associated with the granted RSUs:
- Exercise Price: The exercise price per unit is set at Rs. 1.
- Vesting Schedule: The RSUs are structured to vest over a total period of four years.
- Exercise Period: Once vested, the option holder has a period commencing from the vesting date, which will expire upon the completion of 10 (Ten) years from the respective grant date, or as otherwise determined by the NRC.
Inapplicability of Other Disclosures
For this specific notification concerning the grant of options under the LTI Plan 2021, several standard disclosure points are marked as “Not Applicable”. This includes details related to options exercised, money realized, options lapsed, subsequent changes, variations in terms, and the impact on diluted earnings per share, as the event pertains solely to the issuance of the grant itself.
The specified date and time of the occurrence of this event is March 06, 2026 at 12.34 p.m.
Source: BSE
