Kaveri Seed Company has approved the grant of 1,42,352 stock options to eligible employees under the Kaveri Seed Employee Stock Option Plan 2024. These options are exercisable into equivalent fully paid-up equity shares acquired through the secondary market. The exercise price is set at Rs. 790/- per option, with a discount of Rs. 1.75 per option. The vesting schedule spans four years, beginning with 20% after the first year.
Approval of Employee Stock Option Grant
The Nomination and Remuneration Committee (NRC) of the Board of Directors of Kaveri Seed Company Limited, in its meeting held on 30th March 2026, formally approved the granting of stock options to eligible employees. This action falls under the scope of the Kaveri Seed Employee Stock Option Plan 2024.
Key Details of the ESOP Grant
A total of 1,42,352 stock options have been granted. These options, once exercised, will result in the issuance of an equivalent number of fully paid-up equity shares of Rs. 2/- each. These shares are to be acquired by the Kaveri Employees Trust via the secondary market route.
Grant Parameters:
- Total Options Granted: 1,42,352 Stock Options
- Exercise Price Determined by NRC: Rs. 790/- per option
- Discount Offered: Rs. 1.75 per option
Vesting and Exercise Schedule
The options are subject to a defined vesting schedule over a four-year period, commencing after the first year of the grant date. The options may be exercised any time within a maximum period of 4 (four) years, specifically up to 30th March 2030, from the date of vesting of the respective options.
Vesting Ratio:
The vesting will commence after one year of the grant and proceed over the subsequent four years in the following ratio:
- After 1 year: 20%
- After 2 years: 20%
- After 3 years: 25%
- After 4 years: 35%
The document confirms that the grant aligns with the terms of the ESOP Plan 2024, which was previously approved by the shareholders of the Company.
Source: BSE
