Second tranche of 1,30,845 options approved under Prudent - Employees Stock Options Scheme 2025

The NRC approved the second tranche of options under the 'Prudent - Employees Stock Options Scheme 2025' on October 09, 2026.

Fri 9 Oct 2026

Options Approved

1,30,845 Options covering 1,30,845 Equity Shares of face value Rs. 5/- each

Exercise Price

Rs. 3211/- per Option

Vesting Period

minimum of 1 (One) year and not later than 4 (four) years from grant

What was approved

• The Nomination and Remuneration Committee (NRC) of the Board of Directors, at its meeting held on October 09, 2026, approved the second tranche of stock options under the "Prudent - Employees Stock Options Scheme 2025".
• The grant is 1,30,845 Options, and the grant covers 1,30,845 Equity Shares of the company.
• The eligible employees are those of the company and of its Wholly Owned Subsidiary, Gennext Insurance Brokers Private Limited, as determined by the NRC.
• The scheme is administered by the NRC, and the disclosure states the scheme is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Price and other terms

• Each Option is for one Equity Share of the company having a face value of Rs. 5/-.
• The Options have been granted at Rs. 3211/- per Option. The update states this is the closing price of the company's equity shares on the National Stock Exchange of India Limited, the exchange which recorded the highest trading volume in the equity shares of the company on October 08, 2026, the trading day immediately preceding the date of grant.
• The Options granted under the scheme shall vest after a minimum period of 1 (One) year and not later than 4 (four) years from the date of grant of such Option.
• The exercise period shall not be more than 4 (four) years from the vesting date of the Option.

What this means

• An employee stock option is a right given to employees to buy shares of the company at a price fixed at the time of the grant, here Rs. 3211/- per Option.
• The company does not receive any money at the time of the grant. Money comes in only when employees exercise the Options and pay the exercise price, and shares are then issued to them.
• Because new shares are issued on exercise, the total number of shares in circulation can increase over time, which is why ESOP grants are watched for their effect on the holding of existing shareholders.
• How large that effect is depends on the number of Options relative to the company's total equity shares. This tranche is 1,30,845 Options.

Points to note

• This is the second tranche of a grant under an existing scheme.
• Vesting is spread over time, a minimum of 1 (One) year and not later than 4 (four) years from the date of grant, so any shares issued against these Options would come over that period.

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