Balrampur Chini Mills has announced the grant of Employee Stock Appreciation Rights (ESARs) to its employees. A total of 33,765 ESARs have been granted under the “BCML Employees Stock Appreciation Rights Plan 2023”. The exercise period begins 4 years from the vesting date, with the vesting period spanning 4 years. The ESAR price is set at ₹447.00 per ESAR.
ESAR Grant Details
Balrampur Chini Mills has granted Employee Stock Appreciation Rights (ESARs) to its employees under the “BCML Employees Stock Appreciation Rights Plan 2023” (ESAR 2023/ “Plan”). This announcement was made on December 2, 2025.
Key Highlights of the ESARs
The grant includes the following key details:
- Scheme: ESAR 2023/Plan
- Type of Option: Employee Stock Appreciation Rights (ESARs)
- No. of ESARs granted: 33,765
- ESAR Price per ESAR: ₹447.00
- Vesting period: Over a period of 4 (four) Years
- Exercise period: 4 (four) Years from the date of vesting of such ESARs
The quantity of equity shares to be allotted against each ESAR will be determined according to the ESAR 2023 plan.
Source: BSE
