ESOP5 Aug 2026, 02:14 pm
Kirloskar Ferrous Grants 2,36,000 Stock Options
AI Summary
Kirloskar Ferrous Industries Ltd announced the grant of 2,36,000 stock options under the 'KFIL Employee Stock Option Scheme 2021'. The grant was approved by the Nomination and Remuneration Committee on August 5, 2026. Each option is convertible into one equity share of face value ₹5. The exercise price is set at ₹349 per option. Vesting will occur over four years, with 1/4th vesting annually. Options can be exercised within three years from the vesting date.
Key Highlights
- 2,36,000 stock options granted to employees.
- Exercise price set at ₹349 per option.
- Vesting schedule spans four years post-grant.
- Options exercisable within three years of vesting.
Price Impact
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