Lemon Tree Hotels Limited announced today, August 7, 2026, the approval of the grant of 25,25,000 (Twenty Five Lakhs Twenty Five Thousand) Stock Appreciation Rights Units (SAR Units) to its employees. This grant is made under the LTHL Stock Appreciation Rights Scheme – 2024. The SAR Price is set at Rs. 112.79 per unit, reflecting the stock’s closing price on the preceding day. The scheme aims to incentivize and reward employees, with vesting periods and exercise windows clearly defined.
Lemon Tree Hotels Approves Significant SAR Unit Grant
Lemon Tree Hotels Limited confirmed on August 7, 2026, that its Nomination and Remuneration Committee has approved the grant of 25,25,000 (Twenty Five Lakhs Twenty Five Thousand) Stock Appreciation Rights Units (SAR Units). These grants are made under the company’s LTHL Stock Appreciation Rights Scheme – 2024.
Key Grant Details
The SAR Price, which is based on the closing price of the company’s stock on the exchange on the day immediately prior to the grant date, has been fixed at Rs. 112.79 per SAR Unit. These SAR Units are granted to eligible employees as part of the incentive scheme.
Scheme Mechanics and Vesting
The LTHL Stock Appreciation Rights Scheme – 2024 is administered by the Nomination and Remuneration Committee and is designed to extend benefits to employees through direct route, settling the appreciation by allotment of shares upon exercise. The vesting period for these SAR Units will commence after a minimum of 2 (Two) years from the grant date and can extend up to a maximum of 8 (Eight) years from the scheme’s effective date, subject to the achievement of defined milestones.
Vested SAR Units can be exercised by grantees within a period of 1 (One) year from the respective vesting date. The scheme is structured to align employee interests with shareholder value creation.
Source: BSE
