Board approves amendment to ESOP Plan 2021, raising option pool from 20,00,000 to 30,00,000 stock options

Board approves an amendment to the Employee Stock Option Plan 2021, raising the ESOP pool from 20,00,000 to 30,00,000 stock options, subject to member approval.

Thu 1 Oct 2026

ESOP pool revision

from 20,00,000 to 30,00,000 stock options

Options convertible into equity shares

30,00,000 stock options convertible into 30,00,000 equity shares

% of paid-up share capital

1.88% of paid-up share capital as on September 30, 2026

Board meeting date

Board meeting held on October 01, 2026

Exercise period

not exceed a period of 5 (five) years from the vesting date

Board approval, subject to member approval

The Board of Directors, at its meeting held on October 01, 2026, approved an amendment to the Jubilant Ingrevia Employee Stock Option Plan 2021, on the recommendation of the Nomination, Remuneration and Compensation Committee. The amendment is subject to the approval of the members of the Company.

What changes

• The ESOP pool is to increase from 20,00,000 (twenty lakhs) stock options to 30,00,000 (thirty lakhs) stock options, exercisable into equivalent equity shares, in one or more tranches.
• The 30,00,000 stock options are convertible into 30,00,000 equity shares, which is 1.88% of the paid-up share capital of the Company as on September 30, 2026.

Key terms of the options

• The exercise price shall not be less than face value and not more than the market price of shares as on the grant date, as set out in the grant letter.
• The exercise period shall not exceed a period of 5 (five) years from the vesting date, as set out in the grant letter.

Why the pool is being enlarged

The update states that considering the utilisation of the existing pool and the Company's future requirements relating to talent retention, leadership succession, employee engagement and strategic hiring, the available pool may not be adequate to support the Company's long-term growth and human capital objectives. Enlarging the pool is intended to ensure continued availability of stock options for grant to eligible employees, strengthen alignment between employee performance and shareholder value creation, and maintain competitiveness with industry peers.

How to read this

An ESOP pool is the total set of stock options a company can grant to employees. Increasing the pool widens the headroom available for future grants. The Board has approved the amendment subject to member approval, and the update states that details shall be disclosed at the time of seeking approval from the shareholders of the Company.

The table records options vested, options exercised, money realised by exercise of options allotted, total number of shares arising as a result of exercise of option, options lapsed, variation of terms of options and diluted earnings per share pursuant to issue of equity shares on exercise of options as N.A.

When options are exercised, equity shares are issued to the employees concerned, so the size of the pool indicates the potential addition to the share count over time, here up to 1.88% of paid-up share capital as on September 30, 2026.

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