Sterling and Wilson Renewable Energy Limited announced the approval of stock options for eligible employees under its Employee Stock Option Plans (ESOP Plan I and ESOP Plan II 2025). A total of 21,48,822 options were granted. The exercise price is set at ₹172, representing a discount to the closing market price of ₹202.02 on February 16, 2026. The maximum vesting period is up to three years from the grant date.
Approval of Employee Stock Option Grants
The Nomination and Remuneration Committee (NRC) of Sterling and Wilson Renewable Energy Limited met on February 17, 2026, and formally approved the grant of stock options to eligible employees across two existing plans: ESOP Plan I and ESOP Plan II 2025.
The total number of options granted reached 21,48,822, covering a total potential issuance of equity shares of face value of Re. 1/- each.
Option Allocation Breakdown
The grants are distributed as follows:
- ESOP Plan I: 6,36,065 options granted (out of 6,36,065 available).
- ESOP Plan II 2025: 15,12,757 options granted (out of 18,98,815 available).
The total number of options available for grant under both schemes combined was 25,34,880.
Key Terms of the Grant
The announcement provided crucial details regarding the financial terms and vesting conditions:
- Exercise Price: The exercise price for all granted options is fixed at ₹172. This represents approximately a 15% discount compared to the closing market price of ₹202.02 on the National Stock Exchange of India Limited as of February 16, 2026.
- Vesting Period: Options are set to vest no earlier than a minimum of one year and no later than a maximum of three years from the date of the grant.
- Exercise Period: Once vested, employees will have a maximum of four (4) years to exercise their options.
Plan Amendments Noted
A significant amendment was also approved by the NRC concerning ESOP Plan II 2025. The maximum number of options that can be granted to a single employee under this plan has been increased to 2,75,000, up from the previously established limit of 1,90,000.
The company confirmed that both ESOP Plans are fully compliant with the current prevailing regulations concerning Share Based Employee Benefits.
Source: BSE
