ESOP4 Sept 2026, 06:31 pm
Jyothy Labs Grants 1.46 Lakh RSUs Under 2023 Plan
AI Summary
Jyothy Labs Limited announced the grant of 1,46,141 Restricted Stock Units (RSUs) under its Employee Stock Unit Plan 2023. The grant was approved by the Nomination, Remuneration and Compensation Committee (NRCC) on September 4, 2026. These RSUs are exercisable into an equal number of equity shares of face value Re. 1 each. The RSU Plan 2023 was approved by the Board on June 9, 2023, and shareholders on July 25, 2023. The RSUs have a vesting period of 1 to 4 years, subject to performance conditions, and can be exercised within 2 years from vesting.
Key Highlights
- Jyothy Labs granted 1,46,141 RSUs to employees.
- Grant is under the Employee Stock Unit Plan 2023.
- RSUs vest between 1 to 4 years from grant date.
- Exercise price is face value of Re. 1 per share.
- Vested RSUs exercisable within 2 years of vesting.
Price Impact
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