Jindal Stainless grants 39,608 options to employees under ESOS 2023
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Jindal Stainless's Nomination and Remuneration Committee approved grant of 39,608 stock options under ESOS 2023 on June 23, 2026. This includes 19,804 ESOPs priced at Rs 349 (a 50 percent discount to the Rs 698 closing price on June 19, 2026 on NSE) and 19,804 RSUs priced at Rs 2 face value. Each option converts into one equity share of Rs 2 face value, exercisable within 4 years after vesting. As of March 31, 2026, around 8.31 lakh options had vested and 5.15 lakh were exercised, with the employee welfare trust collecting about Rs 7.12 crore.
Routine ESOP grant aimed at retention; minor future dilution, with ESOPs issued at a 50 percent discount to market.