Choice International has granted 347,250 employee stock options to 114 eligible employees under its “Choice Employee Stock Option Plan 2022.” Each option allows the holder to apply for one equity share of the company with a face value of ₹10. The options vest over four years, with 25% vesting annually. The exercise period is up to 7 years from the grant date.
ESOP Grant Details
Choice International announced the grant of 347,250 employee stock options to 114 eligible employees as part of its “Choice Employee Stock Option Plan 2022” (ESOP 2022). This decision was made at a board meeting held on October 16, 2025.
Terms of the Options
Each stock option enables the holder to apply for one equity share of Choice International, with each share having a face value of ₹10. The options vest gradually over a period of four years from the date of grant, with 25% of the options vesting on each anniversary. The exercise period for these options extends up to 7 years from the grant date.
Vesting Schedule
The vesting schedule for the granted options is as follows:
- On the 1st anniversary of the grant date: 25% of options vest.
- On the 2nd anniversary of the grant date: 25% of options vest.
- On the 3rd anniversary of the grant date: 25% of options vest.
- On the 4th anniversary of the grant date: 25% of options vest.
Additional Information
The exercise price for each share under the ESOP is set at ₹10.
Source: BSE