Jindal Stainless Limited has informed the Exchange about Grant of Options Under ''JSL - Employee Stock Option Scheme 2023''
JSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Stainless Limited has announced the grant of 3,80,430 stock options to eligible employees under the JSL Employee Stock Option Scheme 2023. The grant comprises 1,90,215 Employee Stock Options (ESOPs) priced at Rs. 383.70 per option (50% discount to market price) and 1,90,215 Restricted Stock Units (RSUs) at face value of Rs. 2 each. Each option converts to one equity share of Rs. 2 face value. The options can be exercised within 4 years of vesting. As of March 31, 2026, a total of 8,31,560 options had vested, with 5,15,236 already exercised and 4,87,180 lapsed.
This is a routine employee compensation disclosure that may result in modest dilution of equity. It does not directly impact stock price but reflects management's effort to align employee interests with shareholders through the ESOS programme.