Disclosure under Regulation 30 of the SEBI LODR Regulation 2015 - Grant of 2,62,000 Stock Options under ESOP 2024 Scheme.
BAJEL · price
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Bajel Projects Ltd has announced the grant of 262,000 stock options to 5 eligible employees under the Employee Stock Options Plan 2024. The options are exercisable into 262,000 equity shares of ₹2 face value each. The exercise price is set at ₹109.89 per option, calculated as a discount on the BSE closing price on May 26, 2026. Vesting will occur between 1 to 5 years from the grant date, with options exercisable within 7 years of first vesting. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The shares issued upon exercise will carry no lock-in restrictions.
This ESOP grant aligns employee interests with shareholders and can help retain talent. The significant discount on the exercise price makes the options valuable for recipients, potentially increasing retention but may cause minor dilution for existing shareholders.