Borosil Scientific Limited has informed the Exchange about Options to purchase securities
BOROSCI · price
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Borosil Scientific Limited's Nomination and Remuneration Committee has approved the grant of 18,700 stock options to eligible employees under the company's ESOP scheme. Each option allows the holder to purchase one equity share of Rs. 1 face value at Rs. 108 per option, representing approximately a 10% discount to the market price. The options will vest gradually over four years at 25% per anniversary, with an exercise window of 5 years from the date of vesting. Currently, no options have been vested or exercised. The CEO Vinayak Patankar signed the filing dated May 20, 2026.
This is a routine corporate action for employee retention and aligns management interests with shareholders. The modest discount and gradual vesting structure is standard practice and has a negligible dilutive impact given the small number of options relative to total shares outstanding.