Welspun Corp has announced the grant of 86,717 stock options to eligible employees under its Employee Benefit Scheme 2022. This decision was made by the Nomination and Remuneration Committee today, March 25, 2026. The options are subject to a three-year vesting period, with the first 30% vesting after the first year. The exercise price for these options has been fixed at Rs.300 per option.
Employee Stock Option Grant Details
Welspun Corp Limited today announced a significant grant of stock options to its eligible workforce. The Nomination and Remuneration Committee of the Board approved the allocation of 86,717 stock options under the Welspun Corp Employee Benefit Scheme – 2022. This grant is being facilitated through the Welspun Corp Employees Welfare Trust.
Vesting Schedule and Exercise Terms
The structure of the grant is aligned with current equity benefit regulations and features a phased vesting approach over three years. The distribution across the vesting period is as follows:
- First Year: 30% of the options granted.
- Second Year: 35% of the options granted.
- Third Year: 35% of the options granted.
The first vesting milestone is set to occur upon the completion of one year from the date of the grant, which is March 25, 2026. Furthermore, once an option slab vests, employees will have a period of one year from the respective vesting date to exercise those options.
Exercise Price Fixed
The predetermined Exercise Price for these stock options has been set at a uniform rate of Rs.300 per option, providing employees a fixed purchase price regardless of future market fluctuations up to the exercise deadline.
Source: BSE
