V-Guard Industries has announced the grant of 78,079 stock options to eligible employees under its Employee Stock Option Scheme (ESOS 2013). The grant was approved by the Nomination and Remuneration Committee on October 28, 2025. The options vest over a period of not more than four years based on time and performance criteria and can be exercised within six years from the vesting date at an exercise price of ₹1 per option.
ESOS 2013 Option Grant
V-Guard Industries has granted 78,079 options to eligible employees under the Employee Stock Option Scheme (ESOS 2013). This decision was made during the Nomination and Remuneration Committee meeting held on October 28, 2025.
Key Details of the Grant
Here are the details:
Number of Options Granted: 78,079
Vesting Period: Options will vest over a period of no more than four years, based on time and performance criteria. Time-based options will vest equally over four years, while performance-based options will vest in the final year, contingent upon meeting the performance criteria.
Exercise Period: The options can be exercised within six years from the vesting date.
Exercise Price: ₹1 per option.
Lapsed or Cancelled Options
In cases where stock options lapse, are cancelled, or become un-exercisable, the Nomination and Remuneration Committee retains the discretion, in accordance with the scheme and relevant laws, to decide on the re-issue of those options.
ESOS 2013 Terms
The Nomination and Remuneration Committee administers the ESOS 2013. Options granted under this scheme will vest in a period of not less than one year and not more than four years from the grant date. Vesting is contingent upon continued employment and, if applicable, the fulfilment of performance criteria. The exercise price is determined by the Nomination and Remuneration Committee, but it is never less than the face value of the shares.
Source: BSE
