4,28,000 Employee Stock Options Granted at Rs. 370 Exercise Price under ESOP 2026
The Nomination and Remuneration Committee approved the grant of 4,28,000 stock options to eligible employees of the company and its subsidiary under ESOP 2026.
By ScoutQuest · · 1 min read
- Stock Options Granted
- 4,28,000
- Exercise Price
- Rs. 370 per option
- Discount to Market Price
- Up to 20%
- Vesting Period
- 1 to 4 years
- Exercise Period
- Up to 4 years from each vesting
What was announced
The Nomination and Remuneration Committee, at its meeting held on September 25, 2026, approved the grant of 4,28,000 employee stock options to eligible employees of the company and its subsidiary under the Harsha Engineers International Limited – Employee Stock Option Plan 2026.
Key terms
- Options granted: 4,28,000, exercisable into not more than 4,28,000 equity shares.
- Face value per share: Rs. 10 each, fully paid-up.
- Exercise price: Rs. 370 per option, at a maximum discount of up to 20% to the market price of the shares as on the grant date, and above the face value.
- Vesting period: not earlier than 1 year and not later than 4 years from the grant date; the Committee sets the schedule within these limits.
- Exercise period: a maximum of 4 years from the date of each vesting; vested options may be exercised at one time or in parts.
- Shares arising on exercise are not subject to any lock-in.
How to read this
Stock options are a retention and incentive tool — employees can buy shares later at a fixed price. If and when options are exercised, new shares are issued, which mildly increases the share count. Here the potential addition is capped at 4,28,000 shares, spread over several years as vesting and exercise happen.
The plan is stated to be in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the Plan is overseen by the Committee.
Also from Harsha Engineers International
Board meeting on November 3, 2026 to approve September quarter and half year results
17 Oct 2026
Plant visit/group meeting with investors and analysts at Ahmedabad on September 30, 2026
25 Sep 2026
More numbers
- Employee stock options granted4,28,000
- Exercise price per optionRs. 370
- Maximum discount to market price on grant date20%
- Face value per equity shareRs. 10/-
- Minimum vesting period1 (One) year
- Maximum vesting period4 (Four) years
- Exercise period from each vesting4 (four) years
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.