NRC approves grant of Stock options to eligible employees
JSWDULUX · price
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JSW Dulux Ltd's Nomination and Remuneration Committee has approved the grant of 2,57,682 employee stock options (ESOPs) under the JSW Dulux Limited - Employee Stock Option Scheme 2026. Each ESOP converts into one equity share of face value Rs. 10/- at an exercise price of Rs. 2922.80 per option, which is the market price based on the previous day's closing price on NSE. The vesting period ranges from 1 to 5 years, with a maximum exercise period of 4 years from vesting. No options have vested yet as this is an initial grant notification.
This ESOP grant aligns employee interests with shareholders but has a negligible immediate impact on stock price since no shares are being issued or diluted at this stage. The exercise price of Rs. 2922.80 reflects current market valuation.