JSW Dulux Limited has informed the Exchange about grant of stock options to the eligible employees of the company under JSW Dulux Limited ESOP 2026
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JSW Dulux Limited's Nomination and Remuneration Committee has approved the grant of 2,57,682 employee stock options (ESOPs) to eligible employees under the JSW Dulux Limited ESOP 2026 scheme. Each ESOP, when exercised, will convert into one equity share of face value Rs. 10. The exercise price has been fixed at Rs. 2922.80 per option, which is the market price based on the previous day's (12th May 2026) closing price on NSE. The vesting period ranges from a minimum of 1 year to a maximum of 5 years from the grant date, with a maximum exercise period of 4 years from vesting. No options have vested yet as this is the initial grant stage. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The ESOP grant aligns employee interests with shareholders by tying compensation to stock performance. However, it could result in potential dilution of approximately 2.57 lakh equity shares when exercised, which shareholders should monitor.