Global Health Limited announced that its Nomination and Remuneration Committee approved the grant of 10,000 Employee Stock Ownership Plans (ESOPs) on March 24, 2026. This allocation is made under Part –A of the GHL LTIP 2024 Plan. The options are issued at an Exercise Price of Rs. 776/- each, and each option corresponds to one Equity Share of Rs. 2/-. The entire grant covers one eligible employee.
ESOP Grant Approval Details
On March 24, 2026, the Nomination and Remuneration Committee of Global Health Limited concluded its meeting at 02:00 P.M., having commenced at 1:45 P.M., to approve a new grant of stock options. This action was taken pursuant to the terms of the GHL-Employee Long Term Share Based Incentive Plan 2024 (“GHL LTIP 2024 Plan”).
Summary of the Current Grant
- Total Options Granted: 10,000 Stock options.
- Purpose: To reward employees for association, dedication, and contribution, serving as a long-term incentive to attract and retain key talent.
- Compliance: The plan confirms compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- Share Allotment: Each Option grants entitlement to One (1) Equity Share of Rs. 2/- each.
- Exercise Price: The current grant is issued for an Exercise Price of Rs. 776/- each.
- Beneficiaries: The grant is allocated to One (1) employee.
Vesting and Exercise Terms
While the Options are currently not vested, the disclosure outlines the key exercise parameters:
Vesting Schedule
Options granted under the current tranche will vest according to the specific schedule and conditions detailed in the Grant letter. This vesting is subject to a maximum period of 5 years from the date of grant of such Options.
Exercise Period
Once vested, the Options are allowed for exercise starting from the date of vesting. However, the vested Options must be exercised within a maximum period of 3 years from the date of vesting of the last installment of Options under the GHL LTIP 2024 Plan.
Other Status Information
At this stage, there are no details available regarding options vested, options exercised, money realized, options lapsed, or any variation of terms, as the grant has just been approved.
Source: BSE
