Sona Comstar’s Nomination and Remuneration Committee approved the grant of 6,30,000 stock options to eligible employees under the Sona Employee Stock Option Plan 2023. The grant date is October 27, 2025, with an exercise price of INR 478.70 per option. The options vest equally over four years from the grant date.
Employee Stock Option Grant
Sona Comstar announced the grant of employee stock options under its Sona Employee Stock Option Plan 2023 (ESOP 2023). The Nomination and Remuneration Committee (NRC) of the Board of Directors approved this grant during its meeting on October 27, 2025.
Key Details of the Grant
A total of 6,30,000 options were granted to eligible employees. The exercise price for these options is set at INR 478.70, which represents the fair market value as of the grant date, October 27, 2025. Each option converts into one equity share with a face value of INR 10.
Vesting Schedule
The granted options will vest over a period of four years, with equal installments vesting annually:
- First Vesting: October 27, 2026
- Second Vesting: October 27, 2027
- Third Vesting: October 27, 2028
- Fourth Vesting: October 27, 2029
The exercise period for these options will be three years from their respective vesting dates.
Source: BSE
