WAAREE Energies Limited has announced the approval of 5,800 stock options to eligible employees under its Employee Stock Option Plan 2021 (ESOP 2021). The Nomination and Remuneration Committee of the Board of Directors sanctioned this grant, with an exercise price of Rs. 10 per option. Vesting will occur in stages over six years, with options exercisable within four years of vesting.
Employee Stock Option Grant Approved
WAAREE Energies Limited has officially approved the grant of 5,800 stock options to its employees. This approval was made by the Nomination and Remuneration Committee (NRC) of the Board of Directors as part of the company’s Employee Stock Option Plan 2021 (ESOP 2021). The disclosure, made on October 27, 2026, follows the company’s established policies for employee incentive programs.
ESOP Details and Vesting Schedule
Each of these 5,800 options represents one equity share of the company. The exercise price for these options has been set at Rs. 10/- (Rupees Ten only) per option. The options will vest over a period of six years from the grant date, with specific percentages vesting at the end of each year. The schedule is as follows:
- At the end of 1st year: 15% of options granted
- At the end of 2nd year: 15% of options granted
- At the end of 3rd year: 15% of options granted
- At the end of 4th year: 15% of options granted
- At the end of 5th year: 20% of options granted
- At the end of 6th year: 20% of options granted
All vested options will be exercisable within four years from the date of vesting of the respective options. The total number of shares covered by these options is 5,800 Equity Shares. The company has confirmed that the scheme is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021.
Source: BSE
