JINDAL STEEL LIMITED has informed the Exchange about Grant of Stock Options under Jindal Steel Employee Benefit Scheme 2022
JINDALSTEL · price
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Awaiting price reaction for this filing.
Jindal Steel Limited's Nomination and Remuneration Committee approved two stock option grants under the Employee Benefit Scheme 2022 on February 13, 2026. Grant I covers 66,340 options with 100% one-time vesting one year after grant. Grant II covers 14,355 options vesting in equal 20% tranches over 5 years. Both grants price options at face value plus 50% of market price, and resulting shares carry no lock-in. Total options granted: 80,695 equity shares. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Minor dilutionary impact (~80,695 shares) with a small discount to market price on exercise. Signals management confidence and a standard retention/incentive move; unlikely to materially affect stock price.