WELCORPNSEWelspun Corp Limited· Steel And Steel ProductsMediumPositive
Announced Wed, 25 Mar · 20:28 IST

Welspun Corp Limited has informed the Exchange about Options to purchase securities

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WELCORP · price

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Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹835.00
prior close
₹831.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-0.7-0.3-0.7-3.0-0.2+1.3+3.6+5.3+13.8+37.5+45.4+64.6+81.3
Up moveDown movePending
AI summary

Welspun Corp Limited's Nomination and Remuneration Committee, at its meeting on March 25, 2026, approved the grant of 86,717 stock options to eligible employees under the Welspun Corp Employee Benefit Scheme – 2022. The options will vest over 3 years in the ratio of 30%, 35%, and 35%, with the first vesting happening one year from the grant date. Each option has an exercise price of Rs. 300, and vested options can be exercised within one year from the respective vesting date. The scheme is administered through the Welspun Corp Employees Welfare Trust and complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.

Likely market impact

This is a routine ESOP grant to reward and retain employees. The exercise price of Rs. 300 is significantly lower than likely current market levels, so it will lead to some dilution over time, but the impact on existing shareholders is minimal given the small number of options (86,717) relative to the company's total share base.