India Shelter Finance Corporation Limited has announced the grant of 2,84,700 stock options to its eligible employees under the Employee Stock Option Scheme 2023 (ESOP 2023). The decision was approved by the company’s Nomination and Remuneration Committee on May 01, 2026. These options come with a specific exercise window and are designed to incentivize the workforce in alignment with the company’s long-term growth objectives.
Details of the ESOP Grant
On May 01, 2026, the company’s Nomination and Remuneration Committee authorized the distribution of 2,84,700 equity-based stock options. These options, each carrying a face value of Rs. 5, are being issued to eligible employees as part of the company’s broader compensation and retention strategy under the ESOP 2023 framework.
Vesting and Exercise Terms
The grant follows established internal policies to ensure alignment between employee performance and shareholder value. Regarding the timeline for the options, beneficiaries will have a period of 5 years and 3 months to exercise their options, starting from the date of the first vesting. As of the announcement date, no options have been vested or exercised, and there has been no impact on the company’s current diluted earnings per share.
Source: BSE
