Balrampur Chini Mills Limited has informed the Exchange regarding 'Grant of (1) Employee Stock Appreciation Rights (ESARs) and (2) Restricted Stock Units ( RSUs )'.
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On 11th August 2025, Balrampur Chini Mills informed the stock exchanges that it has granted stock-based incentives to its employees under two separate schemes. Under the ESAR 2023 Plan, the company granted 1,44,182 Employee Stock Appreciation Rights at ₹545.20 per ESAR, vesting over 4 years with a 4-year exercise window after vesting. Separately, under the new RSU 2025 Scheme, 1,01,161 Restricted Stock Units were granted to eligible employees at an exercise price of just ₹1 per unit (the face value), vesting over a period ending November 2028 subject to performance conditions, with a 4-year exercise period. Each vested RSU will entitle the holder to one fully paid-up equity share of ₹1 face value.
These grants represent a mild future dilution risk for shareholders, though the impact is modest given the small size relative to the company's overall share base. The very low exercise price of ₹1 on RSUs (linked to performance conditions) suggests the company is tying long-term rewards to performance goals, which is generally shareholder-friendly if it drives better results.