Bajaj Electricals Limited has informed the Exchange about the corrigendum to the Intimation dated August 7, 2025, on the subject matter Grant of 2,50,247 stock options under Bajaj Electricals Limited- Performance Stock Option Plan 2023 ( PSOP Plan 2023 )
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Bajaj Electricals has issued a corrigendum to its August 7, 2025 announcement, correcting a typographical error in the number of stock options granted under the Performance Stock Option Plan 2023 (PSOP Plan 2023). The revised figure is 2,57,784 Performance Stock Options granted to 201 eligible employees, up from the originally stated 2,50,247 (an increase of 7,537 options). The exercise price is set at the face value of Rs. 2 per equity share, with an exercise window of two years from each vesting date. The plan complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. All other details remain unchanged.
This is a routine clerical correction with no material change in business or financial direction. The modest upward revision in the number of options (about 3% more) reflects normal employee stock grant activity and is unlikely to have a meaningful impact on share dilution or stock price.