Grant of options under Kajaria Employee Stock Option Scheme 2015 (the ESOP Scheme 2015 )
KAJARIACER · price
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Kajaria Ceramics has granted 1,35,000 stock options to eligible employees under its ESOP Scheme 2015, with each option convertible into one equity share of Re. 1 face value. The exercise price has been fixed at Rs. 800 per option, which is at a discount of Rs. 453.10 to the fair market value as defined under the scheme. Vesting will happen over three years — 40% after 1 year, another 40% after 2 years, and the remaining 20% after 3 years, with an 8-year window to exercise the options. The grant was approved by the Nomination and Remuneration Committee at its meeting held on July 22, 2025.
This is a routine employee incentive grant and the size is very small relative to Kajaria's overall share base, so the dilution impact is negligible. It is a neutral event for existing shareholders and unlikely to move the stock price on its own.