Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to ....
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Awaiting price reaction for this filing.
Insolation Energy's Nomination and Remuneration Committee, at its meeting on August 14, 2025, approved the grant of 23,000 stock options to eligible employees under the ESOP 2024 plan at an exercise price of Rs. 3.80 per option. This is the 6th tranche out of a total sanctioned grant of 20,00,000 options (post the stock split from Rs. 10 face value to Rs. 1). The company also cancelled 47,500 options that had been granted earlier on March 21, 2025. The options will vest in four equal instalments of 25% each at 12, 18, 24, and 30 months from the grant date, with an 18-month exercise window after each vesting. The plan is intended as a retention tool and to align employee efforts with long-term value creation.
Minor dilutionary impact; the fresh grant is small (23,000 shares) relative to the total ESOP pool. Cancellation of 47,500 earlier options is mildly positive as it reduces potential dilution. Investors should watch vesting schedules and any future tranches.