Poly Medicure Limited has announced the approval of 17,500 stock options for its employees. Granted by the Nomination and Remuneration Committee on May 23, 2026, these options are designed to incentivize staff under the existing employee welfare scheme. Each option provides the holder the right to acquire one equity share of the company, subject to the vesting schedule and payment of the exercise price.
Stock Option Grant Details
On May 23, 2026, the Nomination and Remuneration Committee of Poly Medicure Limited held a meeting to finalize the grant of 17,500 stock options to eligible employees. These options represent a commitment to employee growth and long-term value creation, allowing staff members to participate in the company’s future equity performance.
Pricing and Vesting Structure
The options were issued at a price of INR 100 per share, which reflects a discounted rate compared to the latest available closing market price. Regarding the timeline, the options are subject to a one-year vesting period, meaning no options can be exercised within the first 12 months from the date of the grant. Following this initial period, the vesting will occur over a maximum term of four years.
Exercise Terms
Once the options have vested, employees are entitled to convert each option into one equity share of the company. Upon exercise, the option holder must pay the specified exercise price along with any applicable taxes. The window to exercise these options is limited to three months from the relevant vesting date, after which the options will lapse unless an extension is granted under exceptional circumstances.
Source: BSE
