Ester Industries Limited has informed the Exchange about Grant of Stock Options under Ester Industries Limited Employees Stock Option Plan 2024
ESTER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ester Industries Limited has granted 19,188 stock options to Mr. Kunal Tank, Chief Marketing Officer – Specialty Polyesters/Polymers, under the company's ESOP 2024 plan. The grant was approved by the Nomination and Remuneration Committee on 8th January 2026. The exercise price is set at Rs. 79 per option, which is 20% below the fair market value of Rs. 98.81 (NSE closing price on 7th January 2026). Each option converts into one equity share upon exercise, with a maximum exercise period of 5 years from the vesting date and a minimum 1-year gap between grant and vesting.
This is a routine employee compensation event and not material to the stock price. The grant size is small relative to the company's overall share base, so dilution impact is negligible. It signals the company is using stock-based incentives to retain key management.