ESOP13 Sept 2026, 04:00 pm
Gland Pharma Grants 5.9 Lakh Stock Options to 124 Employees
AI Summary
Gland Pharma Ltd announced the grant of 5,90,249 Employee Stock Options (ESOPs) to 124 employees under its ESOP Scheme, 2025. The grant, approved by the ESOP Compensation Committee, includes options priced at INR 1,461.15 (50% of the preceding day's closing price) and others at the face value of INR 1. The options will vest over three years starting September 13, 2027, and can be exercised within two years of vesting. This initiative aligns with SEBI regulations.
Key Highlights
- Gland Pharma granted 5,90,249 ESOPs to 124 employees.
- Options granted at INR 1,461.15 and INR 1.
- Vesting schedule spans three years from Sept 2027.
- Options exercisable within two years post-vesting.
- Grant complies with SEBI (Share Based Employee Benefits) Regulations.
Price Impact
More from GLAND