Bajaj Finance Limited has announced the approval of 1,48,07,966 stock options for its eligible employees and those of its subsidiaries. This grant, authorized by the Compensation Committee on April 28, 2026, falls under the company’s 2009 Employee Stock Option Scheme. Each option is convertible into one equity share with a face value of Re. 1, underscoring the company’s commitment to employee incentivization and long-term value creation.
Stock Option Grant Details
The Compensation Committee of Bajaj Finance Limited has formally approved the distribution of 1,48,07,966 options to eligible staff members across the organization and its subsidiaries. This initiative aligns with the existing Employee Stock Option Scheme 2009. Each granted option grants the holder the right to receive one equity share, with a face value of Re. 1 per share.
Pricing and Vesting Structure
The exercise price for these options is determined by the latest available closing price on the stock exchange where the company’s shares are most actively traded prior to the meeting date. In instances where the company is listed on multiple exchanges, the exchange with the highest trading volume is utilized to ensure fair market pricing.
The vesting schedule is set between 1 year and 5 years from the date of the grant. Following the vesting period, employees have a window of five years to exercise their options.
Key Terms and Conditions
- Administration: The scheme is managed by the Compensation Committee and facilitated through the ESOP Trust.
- Lock-in Period: There is no lock-in period applicable to the equity shares issued upon the exercise of these options.
- Pari-Passu Ranking: All equity shares resulting from the exercise of these options will rank pari-passu with existing equity shares from the date of their allotment.
Source: BSE
