Kolte Patil Grants 101,748 Stock Options Under ESOP Scheme 2021
Kolte - Patil Developers Limited granted 101,748 stock options under its ESOP Scheme 2021 to eligible employees. The options cover 101,748 equity shares, with an exercise price of Rs. 10 each. The grant was approved by the Nomination and Remuneration Committee on August 24, 2026.
The grant of stock options to employees is a normal part of employee compensation and retention strategies and is unlikely to have a significant immediate impact on the company's stock price or overall financial performance.
The announcement is a routine grant of employee stock options, which is a standard corporate action and does not inherently indicate positive or negative performance.
Kolte - Patil Developers Limited announced that its Nomination and Remuneration Committee has granted 101,748 stock options under the Kolte - Patil Employee Stock Option Scheme - 2021 (KPESOS 2021) to eligible employees. The meeting of the committee was held on Monday, 24 August 2026, commencing at 04:00 PM IST and concluding at 04:05 PM IST.
These stock options cover 101,748 equity shares of Rs. 10 each. Each option grants the right to apply for and be allotted one equity share of face value Rs. 10. The exercise price for these options is Rs. 10 each. The options can be exercised within 2 years from the date of vesting.
The KPESOS 2021 scheme is administered by the Nomination and Remuneration Committee and has been formulated and approved by the shareholders in accordance with the SEBI (Share Based Employee Benefits) Regulations, 2021. The vesting schedule for the granted ESOPs will be as per the individual grant letters approved by the committee.
What to do with a filing like this
Kolte - Patil Developers Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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See the model portfoliosA plain-language summary of a public exchange filing by Kolte - Patil Developers Limited. Read the original for the full detail.