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Indobell Insulations Ltd's Board of Directors approved the 'Indobell Insulations Ltd. Employee Stock Option Plan 2025' on December 17, 2025. The plan allows granting up to 3,15,000 stock options, exercisable into an equal number of equity shares of Rs. 10 face value, representing about 5% of the company's total paid-up equity capital. The exercise price will not be less than the face value and not more than the previous day's closing market price. Options will vest over 1 to 3 years and must be exercised within 1 year of vesting. The plan complies with SEBI's Share Based Employee Benefits Regulations, 2021 and is subject to shareholder approval at an Extraordinary General Meeting scheduled for January 12, 2026, via video conferencing.
Shareholders will see up to 5% dilution once options are granted and exercised, though the ESOP is designed to retain and incentivise employees. The plan still requires shareholder approval at the upcoming EGM before it becomes effective.