Minda Corporation Grants Employee Stock Options Under 2017 Scheme

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:

57,388 Stock Options granted effective December 20, 2025.

Stock options worth INR 3 Crores, number of options based on the closing market price of Company’s Shares as on April 1, 2026.

Stock options worth INR 3 Crores, number of options based on the closing market price of Company’s Shares as on April 1, 2027.

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:

57,388 Options (granted for a value of INR 3 Crores based on closing price of Company’s Shares on June 1, 2025) will vest on April 1, 2028, and can be exercised within one year from vesting.

ESOPs worth INR 3 Crores (based on closing price on April 1, 2026) will vest on April 1, 2028, and can be exercised within one year from vesting.

ESOPs worth INR 3 Crores (based on closing price on April 1, 2027) will vest on April 1, 2028, and can be exercised within one year from vesting.

Exercise Period

The options may be exercised within a period of one year from the date of vesting.

Source: BSE