Havells India has announced the vesting of shares under its Employee Stock Purchase Scheme (ESPS) 2022 and 2016. The vesting, effective September 25, 2025, was administered by the Havells Employees Welfare Trust based on instructions from the Nomination and Remuneration Committee. A total of 48,947 shares have been vested to eligible employees.
ESPS Vesting Details
Havells India has completed the vesting of shares under its Havells Employees Stock Purchase Scheme (ESPS) 2022 and 2016. The decision, influenced by the Nomination and Remuneration Committee, was executed on September 25, 2025. The Havells Employees Welfare Trust administered the vesting process, distributing shares to eligible employees.
Breakdown of Vesting (ESPS 2022)
The following table outlines the details of the share vesting under the Havells Employees Stock Purchase Scheme 2022:
Total Grant: 1,34,690 for FY 2024-25; 1,11,231 for FY 2023-24; 65,628 for FY 2022-23; 17,733 for FY 2021-22.
Grant for FY 2024-25 Out of the Total Grant: 13,488, with 1,188 shares lapsed out.
Total Vesting (ESPS 2022): 48,947 shares.
Vesting Breakdown (ESPS 2022):
First Tranche: 12,300 shares.
Second Tranche: 12,889 shares.
Third Tranche: 9,122 shares.
Fourth Tranche: 2,807 shares.
Accelerated Vesting: 8,029 shares, with 2,068 adjusted toward tax. Adjusted accelerated vesting figure after tax is 5,961 shares.
Vesting of Superannuated Employee’s Shares (ESPS 2016)
Total Grant superannuated employee(s) for FY 2024-25: 1,477.
Total Grant superannuated employee(s) for FY 2023-24: 1,465.
Shares now vested on account of Accelerated Vesting: 985 for FY 2024-25, 489 for FY 2023-24.
Source: BSE
