Intimation of Grant of stock Options under "Indobell Insulations Ltd. Employee Stock Option Plan 2025"
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Indobell Insulations Ltd's Nomination and Remuneration Committee approved the grant of 1,85,000 stock options to identified employees under the ESOP 2025 scheme. The options carry an exercise price of ₹20 per option, covering 1,85,000 equity shares of face value ₹10 each. No options are vested yet as of the grant date. Vesting will occur between 1 to 3 years from the grant date, with a 1-year exercise window following vesting. The scheme is SEBI SBEB Regulations 2021 compliant. This is the first disclosure of options granted under the new ESOP plan approved by the board on December 17, 2025.
This ESOP grant aligns employee and management interests with shareholders. No immediate dilution as no options have vested or been exercised yet. The ₹20 exercise price against ₹10 face value suggests the options carry intrinsic value for employees, acting as a retention and performance incentive tool.