ESOP1 May 2026, 05:11 pm
Jindal Stainless Grants 3,80,430 Stock Options Under ESOS 2023
AI Summary
Jindal Stainless Ltd has granted 3,80,430 stock options to eligible employees under the 'JSL- Employee Stock Option Scheme 2023'. The grant, approved by the Nomination and Remuneration Committee on May 1, 2026, includes 1,90,215 Employee Stock Options (ESOPs) and 1,90,215 Restricted Stock Units (RSUs). The exercise price for ESOPs is ₹383.70, while for RSUs, it is the face value of ₹2 per share. These options vest according to the vesting schedule and are exercisable within four years of vesting.
Key Highlights
- Jindal Stainless grants 3,80,430 stock options under ESOS 2023.
- The grant includes both ESOPs and Restricted Stock Units (RSUs).
- ESOP exercise price is ₹383.70, RSU exercise price is ₹2 per share.
- Options are exercisable within four years of vesting.
- As of March 31, 2026, 5,15,236 options have been exercised.
Price Impact
More from JSL