Indigo Paints has officially announced the grant of 44,400 options to its eligible employees. This initiative is part of the company’s employee incentive strategy under its existing stock option schemes. The approved grants will follow a phased vesting schedule spread over four years, with the exercise price set at Rs. 10 per option. This move underscores the company’s commitment to rewarding talent and aligning employee interests with the long-term growth of the organization.
Grant Overview and Pricing
On May 22, 2026, the Board of Directors approved the grant of 44,400 options to eligible employees. These options are governed by the company’s established employee stock option schemes. The exercise price for these grants has been finalized at Rs. 10 per option, providing a clear structure for employees to participate in the company’s equity.
Vesting Schedule
The granted options follow a structured vesting timeline over a period of four years to ensure long-term retention and engagement. The vesting schedule is as follows:
- End of 1st Year: 10% of the options granted
- End of 2nd Year: 20% of the options granted
- End of 3rd Year: 30% of the options granted
- End of 4th Year: 40% of the options granted
Exercise Period
Once the options have vested, employees are granted a flexible window to exercise their rights. Eligible employees may exercise these options within a maximum period of 48 months from the date of vesting. Upon exercise, the company will issue equity shares with a face value of Rs. 10 each to the employees, further solidifying their stake in the future success of Indigo Paints.
Source: BSE
