The NRC of the Company approves grant of stock options to eligible employees of the company under JSW Dulux Limited ESOP 2026
JSWDULUX · price
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The Nomination and Remuneration Committee of JSW Dulux Limited has approved the grant of 2,57,682 employee stock options to eligible employees under the JSW Dulux Limited ESOP 2026 scheme. Each option has an exercise price of Rs. 2,922.80, which is the market price based on the NSE closing price on 12th May 2026. Each option converts into one equity share of face value Rs. 10. The options will vest over a period of 1 to 5 years, and once vested, can be exercised within 4 years. The scheme is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. No options have been vested, exercised, or lapsed as this is an initial grant notification.
This is a routine corporate governance action for employee retention and alignment. The potential dilution is minimal as the option count represents a small portion of total equity. No immediate impact on share price, though shareholder dilution may occur over time as options are exercised.