Board approves grant of 116,788 ESOPs to an eligible employee under ESOP Plan 2024

Board approved grant of 116,788 ESOPs to an eligible employee under the ACME Employee Stock Option Plan 2024 on October 10, 2026.

Sat 10 Oct 2026

ESOPs Granted

116,788 ESOPs to an eligible employee

Exercise Price / Face Value

Exercise price Rs 2; face value Rs. 2 per share

Vesting Schedule

25% a year over 4 years; exercise window up to 5 years

Grant of employee stock options

• The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, approved the grant of 116,788 employee stock options (ESOPs) to an eligible employee under the ACME Employee Stock Option Plan 2024. The approval came by way of a resolution passed by circulation on October 10, 2026.

What each option converts into

• Each ESOP, when exercised, would be converted into one equity share of the company of face value Rs. 2 fully paid-up.
• So 116,788 equity shares of face value Rs. 2 each are covered by the ESOPs granted.
• The exercise price is Rs 2 per ESOP.

Vesting and exercise window

• ESOPs vest not earlier than a minimum period of 1 year and not later than a maximum period of 4 years from the Grant Date.
• They vest over four years in the ratio of 25% in each year.
• While in employment, the exercise period for a vested option can run up to a maximum of 5 years from the date of vesting. In case of separation from employment, the exercise period is as per the scheme provisions.

Status of the options

• Options vested: Not Applicable.
• Options exercised: Not Applicable.
• Subsequent changes, cancellation or exercise of such options: Not applicable.

How to read this

• An ESOP grant is an employee benefit: the option holder pays the exercise price to receive shares. Shares enter the equity base only when options are exercised, and the grant is spread over a vesting schedule rather than being immediate.

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