Vesting of 61,135 shares to eligible employees under ESPS 2022

Havells India has effected the Vesting of Shares to Eligible Employees on 1st October, 2026 under the Havells Employees Stock Purchase Scheme 2022, administered by the Havells Employees Welfare Trust.

Thu 1 Oct 2026

Total Vesting

61,135 shares

Exercise Period

30 days from the date of vesting

Vesting net of lapse FY 2025-26

13,059 shares

Vesting net of lapse FY 2024-25

16,863 shares

Vesting net of lapse FY 2021-22

3,354 shares

Vesting done

Havells India Limited has effected the Vesting of Shares to Eligible Employees on 1st October, 2026 under the Havells Employees Stock Purchase Scheme 2022. The scheme is administered by the Havells Employees Welfare Trust, and the vesting was effected on the instructions of the Nomination and Remuneration Committee Meeting.

Total vesting

The update states a Total Vesting of 61,135 shares. This works out as vesting net of lapse for each year, plus accelerated vesting on superannuation or death, less shares already vested in previous years under accelerated vesting, and less the amount adjusted towards tax.

Vesting net of lapse, year by year

• FY 2025-26: 13,059 shares
• FY 2024-25: 16,863 shares
• FY 2023-24: 15,758 shares
• FY 2022-23: 10,546 shares
• FY 2021-22: 3,354 shares

Total vesting as tabulated, year by year

• FY 2025-26: 16,504 shares
• FY 2024-25: 16,923 shares
• FY 2023-24: 15,097 shares
• FY 2022-23: 9,677 shares
• FY 2021-22: 2,934 shares

These five figures add up to the stated Total Vesting of 61,135 shares.

Grants and lapses

• Total grant for FY 2025-26: 1,38,805 shares; grant and vesting for the year out of that total: 13,885 shares; lapse: 826 shares.
• Total grant for FY 2024-25: 1,34,690 shares; grant and vesting for the year: 20,217 shares; lapse: 3,354 shares.
• Total grant for FY 2023-24: 1,11,231 shares; grant and vesting for the year: 22,253 shares; lapse: 6,495 shares.
• Total grant for FY 2022-23: 65,628 shares; grant and vesting for the year: 16,351 shares; lapse: 5,805 shares.
• Total grant for FY 2021-22: 17,733 shares; grant and vesting for the year: 5,507 shares; lapse: 2,153 shares.

Accelerated vesting and tax adjustment

• Accelerated vesting on superannuation or death: 3,963 shares, 1,399 shares, 798 shares and 294 shares as shown across the yearly columns.
• Already vested in previous years under accelerated vesting: 1,339 shares, 1,459 shares, 1,163 shares and 420 shares.
• Adjusted towards tax: 518 shares.

Exercise period

The exercise period under the Havells Employees Stock Purchase Scheme 2022 is 30 days from the date of vesting of shares.

How a retail investor may read it

Vesting is the stage at which employees become entitled to the shares granted to them under an employee share purchase scheme, and it happens on a schedule laid down in the scheme. An intimation of this kind is a periodic update on benefits already granted to employees rather than a fresh business event.

The disclosure is useful because it shows the yearly build-up: how much was granted in each financial year, how much lapsed, how much vested net of lapse, and how much came through accelerated vesting on superannuation or death, along with the tax adjustment. The 30-day exercise window is the period in which the scheme operates after vesting.

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