Waaree Renewable Technologies Limited has informed the Exchange regarding Grant of 66809 Options.
WAAREERTL · price
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The board of Waaree Renewable Technologies, held on March 13, 2026, approved the grant of 66,809 stock options to eligible employees under the Waaree RTL ESOP 2022 scheme. Each option carries an exercise price of Rs. 10 and is convertible into one equity share of Rs. 2 face value. The options vest over 6 years — 15% at the end of each of years 1 to 4, and 20% at the end of years 5 and 6, with a 6-year exercise window from the date of vesting. The board also amended the company's Code of Fair Disclosure to align with updated SEBI insider trading regulations. Additionally, a postal ballot notice was approved to seek shareholder approval for raising the threshold for loans, guarantees, and investments under Section 186 of the Companies Act, 2013.
The ESOP grant represents a small number of shares relative to the company, so dilution is minimal. The proposal to increase Section 186 thresholds via postal ballot suggests the company may plan to make larger investments, give loans, or provide guarantees in the future, which shareholders should watch.