Radico Khaitan Limited has announced the approval of 60,000 stock options for its eligible employees under the company’s ESOP 2006 scheme. This grant, authorized by the Nomination, Remuneration and Compensation Committee on May 6, 2026, aims to incentivize and reward the workforce. Each option grants the holder the right to subscribe for one fully paid equity share of the company, reflecting the firm’s ongoing commitment to employee performance and long-term value creation.
Stock Option Grant Details
On May 6, 2026, the company’s board committee formally approved the grant of 60,000 stock options. These options carry a face value of Rs. 2/- each. This initiative is part of the existing ESOP 2006 scheme, which is designed to align employee interests with the long-term growth objectives of the company.
Pricing and Vesting Structure
The exercise price for the options is set at Rs. 2,838.07 per share. This price was determined based on a 15% discount to the closing market price on the National Stock Exchange as of May 5, 2026.
The vesting schedule is tailored to the tenure of the employees:
- For employees with over one year of service: 33% will vest after the first year, with the remaining balance vesting equally over the following three years.
- For employees with less than one year of service: 25% will vest annually over a four-year period.
Once vested, employees have a window of 3 years to exercise their options and acquire the underlying equity shares.
Source: BSE
