Paradeep Phosphates Ltd Approves 2026 Performance Stock Option Plan

Paradeep Phosphates Limited's Board of Directors, upon recommendation from the Nomination and Remuneration Committee, has approved the 'Paradeep Phosphates Limited Performance Stock Option Plan 2026' (PSOP 2026). This plan, subject to shareholder approval, aims to incentivize employees based on performance and organizational growth. The plan allows for the grant of up to 20,00,000 stock options, exercisable into equity shares of face value ₹10 each. The exercise price will be at least the face value on the grant date, with potential adjustments. Vesting periods range from one to three years, and options can be exercised within two years of vesting. The plan is administered by a committee authorized by the Board.