Balrampur Chini Mills Limited has announced a new grant of 12,777 Employee Stock Appreciation Rights (ESARs) to its workforce under the BCML Employees Stock Appreciation Rights Plan 2023. This initiative, formalized on April 23, 2026, sets an exercise price of ₹541.55 per ESAR. The program features a structured vesting schedule spread over four years, with an additional four-year exercise period following the date of vesting.
Grant Details
On April 23, 2026, Balrampur Chini Mills Limited initiated the grant of 12,777 ESARs as part of the company’s long-term incentive strategy. These rights are issued under the company’s dedicated ESAR 2023 Plan, designed to align employee interests with shareholder value creation. The determined grant price per unit is ₹541.55.
Vesting and Exercise Structure
The ESARs follow a defined lifecycle to encourage long-term retention and performance. The vesting period for these rights is spread over 4 years. Once vested, eligible employees will have an exercise period of 4 years to convert these rights into equity, as per the terms specified under the plan. The precise quantity of equity shares to be allotted against the granted ESARs will be finalized in accordance with the ESAR 2023 framework.
Source: BSE
