Clean Science and Technology Limited has announced the approval of 5,000 stock options for its eligible employees under the Employee Stock Option Scheme 2021. Each option is convertible into one equity share of Re. 1/- face value. The grant follows the company’s internal incentive structure, designed to reward employees as per the established eligibility criteria of the current scheme.
Stock Option Grant Details
The Nomination and Remuneration Committee met on May 14, 2026, to approve the grant of 5,000 stock options. These options serve as a performance-linked benefit, allowing eligible staff the opportunity to participate in the company’s growth by converting each option into one fully paid-up equity share.
Pricing and Vesting Schedule
The company has set the exercise price for these options at Rs. 500 per option. The vesting of these options is spread over a four-year period to ensure long-term retention and alignment with company goals:
- 14.05.2027: 20% vesting
- 14.05.2028: 20% vesting
- 14.05.2029: 20% vesting
- 14.05.2030: 40% vesting
Following the vesting date, employees are granted an exercise period of one year to convert their vested options into equity shares.
Administration of the Scheme
The grants are administered directly by the company’s Nomination and Remuneration Committee under the framework of the Employee Stock Option Scheme 2021. Eligibility remains strictly tied to the criteria defined within this board-approved scheme, ensuring that the allocation supports the company’s human capital strategy.
Source: BSE
