Godrej Properties Limited announced that its Nomination and Remuneration Committee has approved the grant of 1,238 stock options to eligible employees under the GPL ESGS at an exercise price of ₹5 per option. Each option allows for the application of one equity share of face value ₹5. The committee also noted the lapse of 985 previously issued stock grants. Vesting will occur over 3 years, with exercisability within one month post-vesting.
Employee Stock Option Grant Approved
Godrej Properties Limited has officially communicated the approval of a significant employee stock option grant. The company’s Nomination and Remuneration Committee, through a circular resolution dated September 18, 2026, sanctioned the issuance of 1,238 stock options to eligible employees. This initiative falls under the Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS).
Grant Details and Terms
Each stock option granted allows the holder to apply for 1 (one) Equity Share of the Company. These shares have a Face Value of ₹5 (Rupee Five Only) each. The exercise price for each option has been set at ₹5 (Rupee Five Only). The approval is in line with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Vesting and Exercisability
The granted stock options are structured with a vesting period of 3 (three) years. Following the vesting period, the options will be exercisable within 1 (one) month from the date of vesting. The Nomination and Remuneration Committee reserves the right to determine any other period for exercisability as it deems fit.
Lapse of Previous Grants
In addition to the new grants, the Committee also took note of the lapse of 985 (Nine Hundred and Eighty-Five) stock grants that were previously issued under the GPL ESGS to an eligible employee. As a consequence of these lapses, the employee will not be able to claim any part of the lapsed stock grants.
Source: BSE
