Cera Sanitaryware Limited has approved the Grant II of 13,650 employee stock options under its Employee Stock Option Scheme 2024 (“ESOS 2024”). The Nomination & Remuneration Committee of the company made this approval on November 4, 2026. This grant aligns with the company’s strategy to incentivize and retain key employees. Details regarding vesting schedules and terms are outlined in the attached annexure, which specifies a minimum vesting period of one year and a maximum of five years.
Cera Sanitaryware Approves Employee Stock Option Grant
Cera Sanitaryware Limited announced today, November 4, 2026, that its Nomination & Remuneration Committee has approved the second grant under the Cera Sanitaryware – Employee Stock Option Scheme 2024 (“ESOS 2024”). This approval includes a total of 13,650 stock options, designated as Grant II.
Details of the Stock Option Scheme
The approved grant involves 13,650 options, each convertible into one equity share of face value ₹5. The exercise price for these options is set at the face value of the company’s shares. These options are intended for eligible employees as part of the company’s long-term incentive program, aimed at fostering employee commitment and aligning their interests with shareholder value.
Vesting and Exercise Terms
The scheme outlines specific vesting schedules, with allocations occurring at different anniversaries from the grant date. For instance, 10% of the options vest on the first anniversary, followed by 15% on the second and third anniversaries, and 30% each on the fourth and fifth anniversaries. The exercise period for vested options is a maximum of 5 years from the relevant vesting date. The grant is subject to eligibility criteria defined within the scheme and is detailed in individual grant letters issued to employees.
Source: BSE
