CCL Products (India) Limited has announced significant updates regarding its employee incentive programs and organizational leadership. The company has officially approved the vesting of 1,48,473 options and the new grant of 1,61,850 options under its 2022 Employee Stock Option Scheme. Simultaneously, the company has completed a strategic restructuring of its Senior Management Personnel, formalizing the reporting hierarchy and leadership lineup to align with current organizational goals.
Employee Stock Option Program Update
In a move to incentivize its workforce, the Nomination and Remuneration Committee met on May 7, 2026, to finalize key actions under the CCL Employee Stock Option Scheme-2022. The company has moved to vest 1,48,473 options for eligible employees, while simultaneously issuing 1,61,850 fresh options. These grants represent equity shares with a face value of ₹2 per share. Employees receiving these options are subject to performance-linked vesting criteria, with the exercise period set at two years from the date of vesting.
Strategic Organizational Realignment
Beyond its equity incentive updates, the company has officially redefined its list of Senior Management Personnel. This structural reclassification is designed to better reflect the current organizational reporting hierarchy. The revised leadership team includes:
- Praveen Jaipuriar: Chief Executive Officer
- Chaitanya Agasthyaraju: Chief Financial Officer
- Sridevi Dasari: Company Secretary & Compliance Officer
- Srinivas Atla: Chief Human Resources Officer
- Suyash Mehrotra: Head – Business Development
- B. Vaishak: Head – Operations
This restructuring exercise ensures that the management team is positioned effectively to drive the company’s strategic objectives in the upcoming fiscal period.
Source: BSE
