Godrej Properties has announced the approval of stock grants under its Employee Stock Grant Scheme (ESGS). The Nomination and Remuneration Committee approved a grant of 152 stock options to eligible employees, exercisable at ₹5 per option. The options vest over 3 years and can be exercised within 1 month of vesting. Additionally, 1954 previously issued stock grants have lapsed.
ESGS Stock Grant Details
The Nomination and Remuneration Committee of Godrej Properties has approved the grant of 152 stock options under the Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS). This decision was made during a meeting held on February 05, 2026.
Terms of the Grant
The 152 stock options are granted to eligible employees. Each option allows the holder to apply for 1 Equity Share of the Company at a face value of ₹5. The exercise price is set at ₹5 (Rupee Five Only) per option.
Vesting and Exercising
The stock options vest over a period of 3 (three) years and can be exercised within 1 (one) month from the vesting date. The Nomination and Remuneration Committee has the authority to determine any other exercise period.
Lapsed Stock Grants
The Committee also noted the lapse of 1954 stock grants previously issued under the GPL ESGS to eligible employees. As a result of the lapse, these employees no longer have the right to claim any part of these stock grants.
Meeting Conclusion
The Committee meeting commenced at 10:00 a.m. and concluded at 10.45 a.m.
Source: BSE
