Kansai Nerolac Paints has approved the grant of 3,313 Restricted Stock Units (RSUs) to selected employees. These RSUs are exercisable into 3,313 equity shares, each with a face value of Re. 1. The grant was approved by the Nomination and Remuneration Committee (NRC) and is in accordance with the RSU Plan 2022. The grant date is set for February 15, 2026.
RSU Grant Details
The Nomination and Remuneration Committee (NRC) of Kansai Nerolac Paints has approved the grant of 3,313 Restricted Stock Units (RSUs) to selected employees. Each RSU is exercisable into one equity share of the company, with a face value of Re. 1 each.
The grant is made in accordance with the Restricted Stock Unit Plan 2022 (RSU Plan 2022) which was approved by the Board of Directors and Shareholders on September 14, 2022, and October 25, 2022, respectively. The grant date for these RSUs is February 15, 2026.
Key Information on Options
The scheme aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of shares covered by these options is 3,313 equity shares. The pricing is set at the face value of the equity share at the time of RSU exercise.
Vesting and Exercise
A total of 5,23,664 RSUs are vested. According to the plan, vested RSUs can be exercised while the employee is employed, within 4 years from the vesting date. Exercise rules vary based on separation from employment and are defined in the Plan.
Financial Impact
The total number of shares arising from the exercise of options is 1,45,155 equity shares of Re.1 each, with a total value of Rs. 1,45,155 realized. A total of 4,07,354 RSUs have lapsed.
The diluted earnings per share resulting from the exercise of equity shares on these options is Rs. 6.16 (not annualized).
Conversion Ratio
Each RSU granted can be converted into one equity share of the Company.
Source: BSE
