Jindal Stainless has approved the grant of 1,186,108 stock options to eligible employees under its Employee Stock Option Scheme 2023. The options consist of 5,93,054 Employee Stock Options (ESOPs) and 5,93,054 Restricted Stock Units (RSUs). The announcement was made on January 20, 2026, following a meeting by the Nomination and Remuneration Committee.
Stock Option Grant Details
Jindal Stainless has granted 1,186,108 stock options to its eligible employees under the ‘JSL – Employee Stock Option Scheme 2023’.
Breakdown of Options
The granted options consist of 5,93,054 Employee Stock Options (ESOPs) and 5,93,054 Restricted Stock Units (RSUs).
Option Pricing
The exercise price for ESOPs is set at Rs. 403/-, which is at a discount of 50% from the closing market price on January 19, 2026. RSUs will be granted at the face value of Rs. 2/- each.
Vesting and Exercising
As of December 31, 2025, 8,28,492 Options have vested. Upon vesting, options are exercisable during a period of 4 years.
Options Exercised Previously
As of December 31, 2025, 2,84,333 options had been exercised. The JSL Employee Welfare Trust has realized INR 3,96,75,043.15 from previously exercised options as of December 31, 2025.
Lapsed Options
As of December 31, 2025, 4,71,252 previously granted and vested options have lapsed.
Source: BSE
