Bajel Projects Limited has informed the Exchange about the Grant of 2,62,000 (Two Lakh Sixty Two Thousand Only) Stock Options under the Bajel Projects Limited, Employee Stock Option Plan 2024 ( ESOP 2024 / Scheme ) to 5 eligible employees.
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Bajel Projects Limited has announced the grant of 262,000 employee stock options (ESOPs) to 5 eligible employees under the company's ESOP 2024 scheme. The options have an exercise price of ₹109.89 per option, which is calculated as a discount on the closing price on BSE as of May 26, 2026. Each option is exercisable into one equity share of face value ₹2 each. The vesting period ranges from 1 to 5 years from the grant date, and options can be exercised within 7 years from the first vesting. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Shares allotted upon exercise will not be subject to any lock-in period.
This is a routine ESOP grant that incentivizes key employees but will result in potential equity dilution of up to 262,000 shares in the future. The discounted exercise price provides immediate value to employees, aligning their interests with shareholders.