Grant of 1,06,500 Stock Options at Rs. 3.80 Under ESOP 2024
The Nomination and Remuneration Committee approved the grant of 1,06,500 options under ESOP 2024 at an exercise price of Rs. 3.80 each (face value Re. 1/-).
By ScoutQuest · · 1 min read
- Options Granted
- 1,06,500 options
- Exercise Price
- Rs. 3.80 each
- Face Value
- Re. 1/- per option
- Tranche Number
- Tranche 9 of total 20,00,000 options
- Vesting Period
- Minimum 1 year, up to 5 years from grant; exercise period 18 months from vesting
What was announced
The Nomination and Remuneration Committee of the board approved the grant of 1,06,500 options under the Insolation Energy Employee Stock Option Plan 2024 (ESOP 2024).
Key terms
- Exercise price: Rs. 3.8/- per option
- Face value of each option: Re. 1/- each
- This is tranche 9 out of a total grant of 20,00,000 options
- Vesting: minimum 1 (One) year from grant date, extendable up to 5 (Five) years, as decided by the Committee
- Exercise period: commences on vesting and expires on completion of 18 (eighteen) months from the date of vesting
Who gets them
Eligible employees of the company and its subsidiary, associate and group companies. The stated purpose is to motivate and retain consistently performing employees, align them with long-term value creation, and attract new talent.
How to read this
Stock options are a form of employee compensation. Shares are created only if and when employees exercise the options after vesting, so any dilution is future and conditional. Details on options exercised, money realised, shares arising and options lapsed are to be intimated at the time of exercise. The plan is stated to be in compliance with the SEBI (SBEB) Regulations, 2021.
Also from Insolation Energy
Mrs. Usha Sharma appointed Additional Director as Non-Executive Independent Woman Director
28 Sep 2026
Board Appoints Former Rajasthan Chief Secretary Usha Sharma as Independent Woman Director
28 Sep 2026
More numbers
- Options granted1,06,500
- Exercise price per optionRs. 3.80/-
- Total grant pool under ESOP 202420,00,000 (Twenty Lacs)
- Face value per optionRe. 1/- each
- Minimum vesting period1 (One) year
- Maximum vesting period5 (Five) years
- Exercise period from vesting18 (eighteen) months
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.