Grant of 1,21,268 Employee Stock Appreciation Rights under the ESAR 2023 Plan
Balrampur Chini Mills granted 1,21,268 ESARs on 17th October, 2026 under the BCML Employees Stock Appreciation Rights Plan 2023.
By ScoutQuest · · 2 min read
- ESARs granted
- 1,21,268 ESARs granted on 17th October, 2026
- ESAR price
- ₹721.25 per ESAR
- Vesting / Exercise period
- Vesting over 4 years; exercise period: 4 years from vesting
What was announced
The company granted 1,21,268 Employee Stock Appreciation Rights (ESARs) on 17th October, 2026 under the "BCML Employees Stock Appreciation Rights Plan 2023", referred to as ESAR 2023 or the Plan.
Key terms of the grant
- Number of ESARs granted: 1,21,268
- ESAR price per ESAR: ₹721.25
- Vesting period: over a period of 4 (four) Years
- Exercise period: 4 (four) Years from the date of vesting of such ESARs
The Plan being used
The grant is made under the BCML Employees Stock Appreciation Rights Plan 2023. The ESAR price of ₹721.25 is the reference price printed against each ESAR in the intimation.
The share allotment link
The update states that the quantity of equity shares to be allotted against each ESAR shall be determined as per the ESAR 2023. In other words, the number of shares that will ultimately be issued against these rights is governed by the Plan's own terms.
What an ESAR means, in simple terms
An ESAR is a right tied to the appreciation in the company's share value. It is not the same as being handed one share for every right. The employee's benefit is linked to how the share value moves relative to the ESAR price, and the Plan sets out how that benefit translates into equity shares.
What to watch over time
- The grant vests over 4 (four) Years, so it is spread out rather than available at once.
- The exercise window runs for 4 (four) Years from the date of vesting of each tranche.
- To the extent shares are eventually allotted against these rights, there would be a small addition to the equity base, which matters to existing shareholders as a proportionate interest.
How to read this
This is a routine employee-benefit intimation about a grant of appreciation rights. It is not a comment on operations, demand, margins or expansion. The quantitative points a reader can track are the 1,21,268 ESARs granted, the ₹721.25 ESAR price, the 4 (four) Years vesting and the 4 (four) Years exercise period from vesting.
Also from Balrampur Chini Mills
Reminder to Physical Shareholders to Update KYC and Claim Unpaid Dividends/Shares
25 Sep 2026
Commercial Paper of Rs. 100 crore fully repaid on due date
25 Sep 2026
More numbers
- ESARs granted1,21,268
- ESAR price per ESAR₹721.25
- Vesting period4 (four) Years
- Exercise period from date of vesting4 (four) Years
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