PTC Industries Limited announced the approval for the grant of 13,827 Stock Options to eligible employees under its Employees Stock Option Scheme 2019. The grant was approved by the Compensation Committee during a meeting held on March 30, 2026. Each option is convertible into one equity share at an exercise price of Rs. 4,500 per share. The vesting timeline mandates a minimum period of twelve months from the grant date, with a maximum total vesting period capped at sixty months.
Grant of Stock Options Approved
PTC Industries Limited has officially confirmed the approval for the issuance of 13,827 Stock Options to eligible employees under the terms of the PTC Employees Stock Option Scheme 2019. This decision was ratified by the Compensation Committee (Nomination & Remuneration Committee) during its meeting held on March 30, 2026.
Key Terms of the Grant
The 13,827 options are convertible into an equal number of 13,827 Equity Shares of the company. The particulars regarding the terms of the grant are summarized below:
- Total Options Granted: 13,827 (Thirteen Thousand Eight Hundred Twenty-seven).
- Exercise Price: The Exercise Price per Option is fixed at Rs. 4,500 per share.
- Vesting Status: Not applicable at this stage (i.e., the grant is initial).
Vesting and Exercise Schedule
The document outlines specific requirements for the vesting and subsequent exercise of these options:
Vesting Period:
The vesting period will be determined by the Compensation Committee for each grant. However, there is a mandatory floor and ceiling:
- A minimum vesting period of twelve (12) months from the date of grant for the first tranche.
- The total vesting period shall not exceed sixty (60) months from the date of grant.
- Vesting is conditional upon the employee’s continued employment with the Company.
Exercise Period:
After options have vested, employees may exercise them within a period of not less than twelve (12) months and not more than sixty (60) months from the date of vesting.
Eligibility for Participation
Eligibility for participation in the Scheme is extended to the following classes of employees:
- A permanent employee of the Company working in India or outside India.
- A director of the Company (whole-time or otherwise), excluding an independent director.
- An employee or director of a subsidiary or holding company of the Company.
The eligibility explicitly excludes:
- An employee who is a promoter or belongs to the promoter group.
- A director who, directly or indirectly, holds more than ten percent (10%) of the outstanding equity shares of the Company.
Source: BSE
