Havells India517354ESOP
Employees complete exercise of 61,135 shares under ESPS 2022
Havells India has informed the exchanges that eligible employees completed exercise of 61,135 shares of Re. 1/- each under the Havells Employees Stock Purchase Scheme 2022, against shares vested for financial year 2025-26.
By ScoutQuest · · 2 min read
1,30,579 Shares+15.2%
FY2024-251,13,386 SharesFY2025-261,30,579 Shares
- Shares Exercised
- 61,135 shares of Re. 1/- each
- Pricing Formula
- Rs. 1,302.10/- per share
- Total Shares Under Scheme
- 3,88,162
What the company informed
- Eligible employees have completed exercise of 61,135 shares of Re. 1/- each under the Havells Employees Stock Purchase Scheme 2022 (ESPS 2022) on 24th October, 2026.
- This is against the shares vested to eligible employees for financial year 2025-26, which was intimated to the exchanges earlier.
- The scheme is administered by the Havells Employees Welfare Trust, and shares are transferred to eligible employees after allotment to the Trust.
Scheme size and grants
- Total number of shares covered under the scheme: ~3.88 lakh shares of Re. 1/- each.
- FY2025-26: ~1.31 lakh shares granted (after lapse of 8,226 shares).
- FY2024-25: ~1.13 lakh shares granted (after lapse of 21,304 shares).
- FY2023-24: 82,791 shares granted (after lapse of 28,440 shares).
- FY2022-23: 48,003 shares granted (after lapse of 17,625 shares).
- FY2021-22: 13,403 shares granted (after lapse of 4,330 shares).
Price and money
- Pricing formula: Rs. 1,302.10/- being the closing price on the date preceding the resolution passed by the Nomination and Remuneration Committee approving the grants.
- Money will be realized at the time of allotment or transfer of shares.
- Total number of shares arising as a result of the exercise: 61,135 shares of Re. 1/- each.
- Shares lapsed: None. Variation of terms: None. Subsequent changes, cancellation or exercise: None.
Exercise window
- Employees had 30 days within which the vested shares could be exercised.
Dilution
- On diluted earnings per share, the company said the total quantum of shares issued under the plan is insignificant in the total paid-up capital of the company, and therefore the dilution in EPS is negligible.
What this means for a retail investor
- An employee share purchase scheme exercise brings in a small number of additional equity shares of Re. 1/- each into the listed capital, against shares already granted and vested earlier.
- The company's own assessment is that this quantum is insignificant relative to its paid-up capital, so the effect on per-share earnings is described as negligible.
- The update is an update on an employee benefit scheme; the money is to be received at the time of allotment or transfer of the shares.
Also from Havells India
Havells India files transcript of Q2 FY27 earnings call held on 22nd October, 2026
24 Oct 2026
Havells India files audio recording of Q2/H1 FY27 earnings call held 22 October 2026
23 Oct 2026
Havells India reported 35% revenue growth with EBITDA margin contracting 30 basis points, as management discussed demand trends and margin pressure in cables business
23 Oct 2026
More numbers
- Shares exercised under ESPS 202261,135 Shares
- Total shares covered by the scheme3,88,162 Shares
- Pricing formula per shareRs. 1,302.10/-
- Shares granted for FY2025-261,30,579 Shares
- Shares granted for FY2024-251,13,386 Shares
- Shares granted for FY2023-2482,791 Shares
- Shares granted for FY2022-2348,003 Shares
- Time within which options may be exercised30 days
Source: BSE · 24 Oct 2026
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