ION Exchange (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on March 18, 2026.
IONEXCHANG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Ion Exchange (India) Limited approved the adoption of the 'Ion Exchange (India) Limited – Employee Stock Option Scheme, 2026' (ESOP 2026), to be implemented through an irrevocable employee welfare trust. The scheme covers 17,00,000 (17 lakh) stock options, each exercisable into one equity share of face value ₹1. The exercise price will be set by the Nomination and Remuneration Committee, with a maximum discount of up to 15% on the market price on the grant date, but not less than the face value. Options will vest over a period of 1 to 4 years from the grant date, with an exercise window of up to 4 years from each vesting. All shares under the scheme will be acquired through secondary market purchases rather than fresh issuance. The scheme remains subject to shareholder and other regulatory approvals.
Since shares will be sourced via secondary acquisition, there is no dilution to existing shareholders' equity from this ESOP. The move is aimed at employee retention and motivation, and is largely neutral for stock price in the short term, though it reflects the company's intent to align employee interests with shareholders.