AVAditya Vision540205ESOP grant news

Grant of ~4.07 lakh stock options under ESOP 2021 at ₹350 per option

NRC approved grant of ~4.07 lakh stock options under ESOP 2021.

By ScoutQuest · Thu 5 Nov 2026, 2:43 PM IST · 2 min read

Stock options granted

~4.07 lakh stock options under ESOP 2021

Exercise price

₹350/- per option, at a discount to market price

Vesting schedule

10% in year 1, 20% in year 2, 30% in year 3, 40% in year 4

What was approved

• The Nomination and Remuneration Committee of the Board approved the grant of ~4.07 lakh (Four lakhs Six Thousand and Five Hundred) stock options to eligible employees under the "Aditya Vision - Employee Stock Option Plan 2021".
• Each stock option carries the right to apply for and be allotted 1 equity share of face value ₹1/- each. The total shares covered by these options are therefore ~4.07 lakh equity shares.

Exercise price

• The exercise price is determined by the NRC based on the closing market price of the equity shares on the recognised stock exchange having the highest trading volume on the said date.
• The price cannot be less than ₹1/-, the face value of the shares.
• The NRC decided the exercise price at a discount to the market price and fixed it at ₹350/- per option.

Vesting schedule (from the date of grant)

• 10% at the end of the 1st year
• 20% at the end of the 2nd year
• 30% at the end of the 3rd year
• 40% at the end of the 4th year

There is a minimum period of one year between the grant of options and their vesting.

Exercise window

• Vested options can be exercised up to 4 years from the date of respective vesting.

Other terms stated

• Equity shares allotted on exercise of the options will rank pari-passu in all respects with the existing equity shares of the company.
• The options are granted under a scheme stated to be in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time.

How to read this

• This is a grant of employee stock options, not an issue of shares today. Shares will come into existence only when employees exercise vested options and are allotted shares.
• Because each option maps to one equity share, the grant relates to ~4.07 lakh equity shares, and the company's equity share count can rise in stages over the vesting period as options are exercised.
• The exercise price of ₹350/- per option is what the employee pays the company at the time of exercise; the update states this was set at a discount to the market price.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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