Grasim Grants 2.88 Lakh Stock Options Under 2022 Scheme

Grasim Industries Limited announced the grant of 2,88,625 stock options to eligible employees under its Employee Stock Option and Performance Stock Unit Scheme 2022. The grant comprises 2,12,149 Employee Stock Options (ESOPs) and 76,476 Performance Stock Units (PSUs). The ESOPs have a vesting period of 33% over three years, with the first vesting after one year. PSUs vest 100% at the end of three years. The exercise price for ESOPs is ₹3322.20, based on the market price on August 11, 2026. PSUs have an exercise price of ₹2. Vesting for both ESOPs and PSUs is subject to performance conditions. The scheme is implemented through the Grasim Employees’ Welfare Trust.