StockWatch
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Electrodes & Refractories
ESOP21 Sept 2026, 02:46 pm

Ador Welding Approves Vesting of 6,625 Stock Options

AI Summary

Ador Welding Limited's Compensation Committee has approved the vesting of 6,625 stock options to eligible employees under the Ador Employee Stock Option Plan 2025. These options are exercisable at Rs. 10 per share. The vesting is effective September 22, 2025, with an exercise period of three years from vesting. The company's Nomination & Remuneration Committee, also acting as the Compensation Committee, has made amendments to the ESOP plan regarding grant limits per employee and allotment timelines post-exercise.

Key Highlights

  • 6,625 stock options vested to employees.
  • Exercise price set at Rs. 10 per option.
  • Vesting effective September 22, 2025.
  • Exercise period is three years from vesting.
  • ESOP plan amended for grant limits and allotment.