Bajel Projects Limited has informed the Exchange regarding 'grant of stock options of 1,82,000 (ESOP)'.
BAJEL · price
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Bajel Projects Limited has granted 1,82,000 stock options to eligible employees under its Employee Stock Option Plan 2024 (ESOP 2024). The options are exercisable into up to 1,82,000 equity shares of ₹2 face value at an exercise price of ₹142.17 per option, which is at a discount to the NSE closing price on August 7, 2025. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Options will vest over a period of 1 to 5 years from the grant date and must be exercised within 7 years of first vesting. Currently, no options have vested, been exercised, or lapsed, and shares issued upon exercise will not be subject to any lock-in.
This is a routine employee incentive grant that could result in minor future equity dilution of up to 1,82,000 shares. The discounted exercise price aligns employees with shareholder interests and is unlikely to materially affect the stock price in the short term.