JSW Infrastructure Ltd. has announced the grant of 2,20,960 equity stock options to eligible employees under the ‘Shri O.P. Jindal Employee Stock Ownership Plan (JSWIL) – 2026’. The decision was approved by the Compensation Committee on March 5, 2026. The exercise price is fixed at ₹2 per option, and the vesting period ranges from a minimum of one year to a maximum of three years from the grant date.
Approval of Employee Stock Options Grant
JSW Infrastructure Ltd. formally disclosed the approval for the grant of stock options under the ‘Shri O.P. Jindal Employee Stock Ownership Plan (JSWIL) – 2026’. This intimation follows earlier approvals from the Board and Members concerning the OPJ ESOP Plan 2026.
The Compensation Committee of the Board convened on March 5, 2026, and approved the grant of 2,20,960 (Two Lakhs Twenty Thousand Nine Hundred and Sixty Only) Options to eligible employees.
Key Terms of the Option Grant (Annexure-A Summary)
Grant Details and Pricing
- The total number of options granted corresponds to an equivalent number of equity shares with a face value of Rs. 2/- each.
- The exercise price for each option is set at Rs. 2 (Rupees Two Only) per Option.
- The plan is confirmed to be in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Vesting and Exercise Period
- The Options granted will vest over a period ranging from a minimum of 1 (One) year to a maximum of 3 (Three) years from the date of Grant.
- Once vested, option holders are entitled to acquire equity shares upon payment of the exercise price and applicable taxes.
- The exercise period for vested Options is set for 4 (four) years from the date of grant.
Administrative Oversight
The administration and supervision of the OPJ ESOP Plan 2026 have been entrusted to the Compensation Committee of the Board of Directors.
The meeting during which these approvals were finalized commenced at 3:00 pm and concluded at 4:15 pm on the date of the announcement.
Source: BSE
