BOROSIL RENEWABLES LIMITED has informed the Exchange about Options to purchase securities
BORORENEW · price
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Borosil Renewables has granted 7,485 stock options to eligible employees under its existing ESOP Scheme 2017, approved by the Nomination and Remuneration Committee on June 21, 2025. Each option converts into one equity share of Re. 1 face value and is priced at Rs. 481, which is roughly a 10% discount to the previous day's NSE closing price. The options will vest in three equal tranches (33%, 33%, 34%) over the first, second, and third anniversaries from the grant date, with a 5-year exercise window from each vesting date. No options have been vested, exercised, or lapsed as of this intimation.
The grant is small relative to the company's share base and represents routine employee incentivisation rather than a major capital event, so dilution impact is minimal. The 10% discount to market price and multi-year vesting align with standard ESOP terms and are unlikely to materially affect short-term stock price.