Bajaj Electricals Limited has informed the Exchange about the grant of 18,894 stock options under Bajaj Electricals Limited- Performance Stock Option Plan 2023
BAJAJELEC · price
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Bajaj Electricals has granted 18,894 performance stock options to a single eligible employee under its Performance Stock Option Plan 2023 (PSOP Plan 2023). The grant was approved by the Nomination and Remuneration Committee on March 16, 2026. Each option is exercisable at Rs. 2 per share (equal to the face value), and employees have a 2-year window from the vesting date to exercise them. The plan is fully compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The company itself notes this disclosure is below the materiality threshold and is being shared only as a good governance practice.
This is a routine, small-scale ESOP grant affecting only one employee and a modest number of shares, so it is unlikely to have any meaningful effect on share price or existing shareholders. It signals continued use of stock-based incentives to retain key talent but is not financially material.