Kaveri Seed Company Limited has informed the Exchange about General Updates that the Nomination and Remuneration Committee at its meeting held on March 30, 2026 approved the grant of 1,42,352 (One Lakh Fourty Two Thousand Three Hundred and Fifty Two) Options to eligible employees of the Company exercisable into equivalent number of fully paid-up equity shares of Rs 2/- each acquired by the Kaveri Employees Trust through the secondary market route.
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Kaveri Seed Company's Nomination and Remuneration Committee approved a grant of 1,42,352 stock options to eligible employees on March 30, 2026, under the Kaveri Seed Employee Stock Option Plan 2024. Each option can be converted into one equity share of Rs. 2 face value, with shares sourced by the Kaveri Employees Trust from the secondary market rather than a fresh issue. The exercise price is fixed at Rs. 790 per option with a Rs. 1.75 discount. Vesting will happen over four years in the ratio of 20%, 20%, 25%, and 35%, starting one year after the grant date.
This is a routine ESOP grant that rewards and retains employees without diluting existing shareholders, since shares come from the open market via the trust. The Rs. 790 exercise price being notably above market gives employees strong incentive to drive the stock higher before exercising.