ESOP23 Jun 2026, 05:40 pm
Jindal Stainless Grants 39,608 Stock Options
AI Summary
Jindal Stainless Limited (JSL) announced the grant of 39,608 stock options under its 'JSL-Employee Stock Option Scheme 2023' (ESOS 2023). The grant comprises 19,804 Employee Stock Options (ESOPs) and 19,804 Restricted Stock Units (RSUs). The ESOPs are priced at ₹349 each, representing a 50% discount to the market price on June 19, 2026. RSUs are priced at the face value of ₹2 per share. The scheme is in compliance with SEBI (SBEB) Regulations, 2021. The company also provided historical data on vested, exercised, and lapsed options as of March 31, 2026.
Key Highlights
- Jindal Stainless granted 39,608 stock options under ESOS 2023.
- Options include 19,804 ESOPs at ₹349 and 19,804 RSUs at ₹2.
- The scheme complies with SEBI (SBEB) Regulations, 2021.
- Options are exercisable over 4 years post-vesting.
- Historical data on vested and exercised options provided.
Price Impact
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