Bajaj Electricals Limited announced the approval for granting 2,228 Stock Options to two eligible employees today, February 9, 2026. These grants are issued under the ‘Bajaj Electricals Limited- Performance Stock Option Plan 2023’ (PSOP Plan 2023). The exercise price for these options is set at the face value of the equity share, Rs. 2/-. The disclosure was made proactively as a measure of good corporate governance.
Employee Stock Option Grant Approved
Bajaj Electricals Limited has formally communicated the approval for the grant of 2,228 Performance Stock Options to 2 eligible employees of the Company. This action was sanctioned by the Nomination and Remuneration Committee of the Board of Directors during its meeting held on February 9, 2026.
Details of the PSOP Plan 2023 Issuance
The options are being granted under the ‘Bajaj Electricals Limited- Performance Stock Option Plan 2023’ (PSOP Plan 2023). The total number of shares covered by this specific grant amounts to 2,228 Options, which correspond to 2,228 fully paid-up equity shares of Rs. 2/- each.
Key Terms of the Options
- Pricing: The exercise price is explicitly set to be equal to the face value of the equity share, which is Rs. 2/- per equity share.
- Vesting and Exercise Period: The exercise period is stipulated to be two (2) years from the date of the respective vesting of the options, subject to specific conditions detailed in the PSOP Plan 2023 document.
- Dilution and Realization: The filing confirms that there are no applicable details regarding money realized by exercise, options lapsed, or any immediate impact on the diluted earnings per share at this stage.
The company noted that while this announcement does not trigger the materiality threshold, it is being disclosed in adherence to sound corporate governance practices. Further significant terms of the PSOP Plan 2023 are available on the company’s official investor relations portal.
Source: BSE
