Jubilant Ingrevia Grants 3,43,569 Stock Options Under ESOP Plan 2021
Jubilant Ingrevia Limited granted 3,43,569 stock options under its ESOP Plan 2021. This includes 2,40,497 Performance Linked Stock Options and 1,03,072 Tenure Linked ESOPs. The exercise price is Re. 1 per share. Vesting is subject to conditions post-FY30 Financial Closure, with a one-year exercise period.
The grant of stock options is a standard employee incentive and does not represent a significant event that would materially impact the company's financials or stock price in the short term.
The announcement is a routine grant of stock options to employees as per the company's ESOP plan, with no immediate financial impact or significant deviation from standard practice.
Jubilant Ingrevia Limited has announced the grant of 3,43,569 stock options to eligible employees under the Jubilant Ingrevia Employees Stock Option Plan 2021. The Nomination, Remuneration and Compensation Committee of the Company approved this grant.
These options comprise 2,40,497 Performance Linked Stock Options and 1,03,072 Tenure Linked ESOPs. The exercise price for each option is Re. 1, which is the face value per equity share.
The Performance Linked Stock Options will vest after FY30 Financial Closure, contingent upon the achievement of defined performance criteria, company performance parameters, and individual performance ratings. The Tenure Linked ESOPs will also fully vest after FY30 Financial Closure and are retention-linked, based on individual performance ratings.
Once vested, these 3,43,569 stock options shall be exercisable within a period of one year from the date of vesting. The company confirmed that the scheme is in terms of SEBI (Share Based Employee Benefits) Regulations, 2021. This intimation will be posted on the company's website.
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Jubilant Ingrevia Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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