Grasim Industries Limited announced the grant of 2,676 Stock Options to eligible employees following a Board Committee meeting on February 10, 2026. This grant comprises 1,720 ESOPs and 956 PSUs under the 2022 Employee Stock Option and Performance Stock Unit Scheme. The vesting structures differ significantly, with ESOPs vesting progressively over three years and PSUs vesting fully at the end of three years, subject to performance conditions.
Announcement of New Stock Option Grant
Grasim Industries Limited disclosed details regarding the allotment of stock options to its eligible workforce. The Nomination and Remuneration Committee formally approved the grant on February 10, 2026, under the terms of the Grasim Industries Limited-Employee Stock Option and Performance Stock Unit Scheme 2022.
Breakdown of Stock Options Awarded
The total aggregate grant amounts to 2,676 Stock Options, structured as follows:
- Employee Stock Options (ESOPs): 1,720 Units
- Performance Stock Units (PSUs): 956 Units
- Total Options Granted: 2,676
Vesting and Exercise Period Details
The terms for vesting and exercise vary between the two types of incentives:
ESOP Vesting Schedule
For ESOPs, vesting occurs progressively over three years. The initial vesting tranche (33%) is achieved upon completion of one year from the grant date, with subsequent tranches vesting annually thereafter.
PSU Vesting Schedule
For PSUs, the entire grant (100%) is subject to vesting, which will occur at the end of three years from the date of the grant, contingent upon fulfilling specified performance conditions.
Exercise Period
All Stock Options, once vested, must be exercised by the eligible employee within five years from their respective vesting dates.
Exercise Price Determination
The exercise prices for the options have been calculated based on the applicable regulations as of the grant date (February 9, 2026):
- ESOPs Exercise Price: Rs. 2,926.30 per Option, determined based on the previous day’s Market Price.
- PSUs Exercise Price: A nominal rate of Rs. 2/- per PSU.
The announcement confirms that the scheme aligns with the prevailing regulations governing Share Based Employee Benefits.
Source: BSE
