Paradeep Phosphates Limited announced the approval of the grant of 3,14,874 Stock Options to eligible employees under the ESOP 2021 plan on February 13, 2026. These options cover 3,14,874 equity shares, with exercise prices ranging from Rs 77/- to Rs 117/- per option. Vesting is structured over a three-year period, commencing with 30% after the first year.
Stock Option Grant Announcement
Paradeep Phosphates Limited has formally disclosed the approval for the grant of employee stock options. The Nomination and Remuneration Committee sanctioned the allotment of 3,14,874 ESOPs to eligible employees under the established ‘PPL Employees Stock Option Plan 2021 (ESOP – 2021)’. This disclosure was made on February 13, 2026.
Scheme Details and Compliance
The ESOP – 2021 scheme was initially approved by shareholders on August 10, 2021, and later ratified post-IPO via postal ballot on April 18, 2023. Each option grants the right to subscribe to one equity share with a face value of Rs 10/- each. The total pool covers 3,14,874 Equity shares across 59 employees.
Exercise Price Breakdown
The options have been granted at various exercise prices corresponding to different tranches, indicating preferential pricing for earlier grants:
- Lowest Exercise Price: Rs 77/- per option (35,582 options).
- Highest Exercise Price: Rs 117/- per option (52,963 options).
- Other key exercise prices include Rs 80/-, Rs 90/-, and Rs 106/- per option.
Vesting Schedule
The options are subject to fulfillment of pre-vesting conditions and will vest according to the following schedule, calculated from the date of grant:
- On completion of one year: 30% vesting.
- On completion of two years: 35% vesting.
- On completion of three years: 35% vesting.
The brief details confirm that granted options must have a minimum vesting period of one year from the grant date, with the exercise period set at 3 years from the date of vesting for the respective options.
Source: BSE
