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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Insolation Energy's Nomination and Remuneration Committee approved the grant of 10,000 stock options to eligible employees under the ESOP 2024 plan at an exercise price of Rs. 3.8 per option. This is tranche 5 out of a total pool of 20,00,000 options (post the share split from Rs. 10 face value to Rs. 1 face value, effective 24 January 2025). The options will vest in four equal installments of 25% at the end of 12, 18, 24, and 30 months from the grant date, with an 18-month exercise window after each vesting. Additionally, 1,000 previously granted options (500 from September 2024 and 500 from October 2024) have been cancelled. The company says the grants are aimed at rewarding performance, retaining talent, and attracting new hires.
This is a small, routine ESOP grant with minimal dilution impact (10,000 shares vs. 20 lakh total options pool), and is a positive signal for employee retention and alignment with long-term shareholder value.