APAR Industries Limited has approved the grant of 43,700 Employee Stock Appreciation Rights (ESARs) to its eligible employees under the ‘APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024’. The Nomination and Compensation-cum-Remuneration Committee (NCRC) made this decision on October 28, 2026. The ESARs have a face value of Rs. 10/- each, with an exercise price determined at Rs. 15,153, reflecting no discount to the market price.
Employee Stock Appreciation Rights Approved
APAR Industries Limited announced today, October 28, 2026, the approval of a significant grant of employee stock options. The company’s Nomination and Compensation-cum-Remuneration Committee (NCRC) sanctioned the issuance of 43,700 Employee Stock Appreciation Rights (ESARs). These ESARs are intended for eligible employees and are governed by the ‘APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024’.
Grant Details and Terms
The grant, effective from October 28, 2026, aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. A total of 43,700 equity shares of face value Rs. 10/- each are covered by these options. The ESAR price was set by the NCRC at Rs. 15,153 per ESAR, which represents a 0% discount to the market price of the company’s shares.
As of the announcement, 25% of the options granted on March 4, 2025, had vested. The exercise period for vested ESARs is defined by the ESAR 2024 Plan and individual grant letters, commencing from the vesting date. Employees have exercised 31,113.5 ESARs, realizing Rs. 1,81,240.
The company also noted that 22,764 options have lapsed due to employee resignations. The Plan is administered by the NCRC, with ESAR grants based on eligibility criteria and a vesting period of a maximum of four years from the grant date.
Source: BSE
