GCP Approves 14.92 Lakh Stock Options Under ESOS 2024

Godrej Consumer Products Ltd (GCPL) announced that its Nomination and Remuneration Committee has approved the grant of 14,92,392 stock options to eligible employees under the Godrej Consumer Products Limited - Employees Stock Option Scheme 2024 (ESOS 2024). The grant is aimed at incentivizing long-term performance and aligning employees with strategic objectives. The options have an exercise price of ₹1 per option and are subject to performance conditions. Vesting is scheduled in two tranches: 50% on June 30, 2030, and the remaining 50% on June 30, 2031. This move is intended to retain and motivate key talent within the global leadership team.