Godrej Properties Limited has announced the approval of 29,371 stock options for eligible employees under the company’s 2011 employee stock grant scheme. Additionally, the Nomination and Remuneration Committee noted the lapse of 3,418 stock grants that were previously issued. These actions, finalized on May 04, 2026, reflect the company’s ongoing management of its employee incentive programs and equity-based compensation structures.
Stock Grant Allocation
On May 04, 2026, the Nomination and Remuneration Committee approved the issuance of 29,371 stock options to eligible staff members. Each option provides the holder the right to acquire one equity share of the company with a face value of ₹5. The options are set to vest over a three-year period, with an exercise window of one month following the vesting date, at an exercise price of ₹5 per option.
Update on Lapsed Grants
In the same meeting, the Committee formally acknowledged the lapse of 3,418 stock grants previously issued under the same employee scheme. As a result of this lapse, the relevant employee no longer maintains any claim or rights to these specific grants. This process ensures the company’s records remain accurate regarding its outstanding equity-based incentive commitments.
Source: BSE
