The NRC Committee has granted Stock Options / PSUs on 23rd June, 2025 to eligible employees in terms of the ESOS Scheme 2022.
Awaiting price reaction for this filing.
UltraTech Cement's Nomination, Remuneration and Compensation Committee granted 1,020 stock awards on 23rd June 2025 under its Employee Stock Option and Performance Stock Unit Scheme 2022. Of these, 915 are regular stock options and 105 are Performance Stock Units (PSUs). The regular options will vest in three equal yearly tranches over 3 years, while PSUs vest fully at the end of 3 years based on performance conditions. The exercise price for options is Rs. 11,458 per share (based on market price on 20th June 2025), and Rs. 10 per PSU. The grant complies with SEBI's SBEB and Sweat Equity Regulations, 2021.
This is a routine employee compensation event and not a material dilution event for shareholders given the small size of the grant. Existing shareholders are not directly impacted, though future dilution will occur as options are exercised over time.