Grant of 48,193 SAR Units under SAR Scheme – 2022

The Nomination and Remuneration Committee approved the grant of 48,193 SAR Units under the RateGain Stock Appreciation Rights Scheme – 2022.

Mon 28 Sep 2026

SAR Units Granted

48,193

SAR Price per Unit

Rs. 827.75/-

Vesting Period

4 years from grant date

Vesting Schedule

10% in Y1, 20% in Y2, 30% in Y3, 40% in Y4

Exercise Window

within 3 years from the date of vesting

What was announced

The Nomination and Remuneration Committee approved the grant of 48,193 SAR Units under the RateGain Stock Appreciation Rights Scheme – 2022 (plan: SAR, 2026).

Key terms

• SAR Units granted: 48,193
• SAR Price: Rs. 827.75/- per SAR Unit
• Vesting period: 4 years from the date of grant
• Vesting schedule: 10% in Year 1, 20% in Year 2, 30% in Year 3, 40% in Year 4
• Exercise period: within 3 years from the date of vesting

How to read this

A Stock Appreciation Right gives an eligible employee a benefit linked to the appreciation in the company's share value above the stated SAR Price, without the employee paying that price upfront. The grant is made under a scheme already in place and is a routine employee-incentive action reported to the exchanges.

The number of units involved is small in absolute terms, and the staggered vesting means the benefit accrues to employees only over several years, which companies typically use as a retention tool.

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