Minda Corporation has granted employee stock options under its 2017 scheme. This includes 57,388 options effective December 20, 2025, and stock options worth INR 3 Crores each, to be determined based on share prices on April 1, 2026, and April 1, 2027. Each option converts to one equity share at a face value of Rs. 2/-, exercisable at Rs. 2/- per option.
Employee Stock Option Grant Details
Minda Corporation has approved the grant of stock options to its employees, effective December 20, 2025. The options are granted under the “Minda Corporation Employee Stock Option Scheme 2017”.
Key Highlights of the Grant
The grant includes the following:
Pricing and Conversion
Each stock option is convertible into 1 equity share of face value Rs. 2/-. The options are exercisable at a face value of Rs 2/- per option.
Vesting Schedule
The vesting schedule for the granted options is as follows:
Exercise Period
The options may be exercised within a period of one year from the date of vesting.
Source: BSE
