Grant of 2,86,325 Employee Stock Options under ESOP 2024

NRC approved grant of 2,86,325 stock options under ESOP 2024 to employees of the company and its subsidiary.

Sat 26 Sep 2026

Stock Options Granted

2,86,325

Exercise Price

Rs. 5/- per share

Face Value

Rs. 5/-

Vesting Date

March 31, 2028

Exercise Window

5 years from vesting date

What was announced

The Nomination and Remuneration Committee approved the grant of 2,86,325 Employee Stock Options under the Solarworld Employee Stock Option Plan 2024 to eligible employees of the company and its subsidiary.

Key terms

• Each option converts into one equity share of face value Rs. 5/- each.
• Exercise price fixed at Rs. 5/- per equity share.
• Vesting date: March 31, 2028 for all options granted in this meeting.
• Exercise window: within 5 (five) years from the vesting date.

Pool position

Shareholders had earlier approved a total of 10,65,000 options under ESOP 2024. Of these, 77,256 options were granted in December 2024, of which 19,314 later lapsed. After accounting for this, options available for grant stood at 10,07,058, out of which the current grant of 2,86,325 has been made.

In-principle approval for the scheme was received from BSE and NSE on May 26, 2026. The scheme is in terms of SEBI (SBEB and Sweat Equity) Regulations, 2021, and the grant will be administered by the Nomination and Remuneration Committee.

How to read it

Stock options are a retention and incentive tool; the company states the plan aims to align employee interests with long-term growth and value creation. No options have been exercised yet, so no money has been realised and no new shares have been issued at this stage. If and when options vest and are exercised, an equivalent number of fresh equity shares would be issued, which adds to the share count. The actual number issued may vary depending on options actually exercised and any that lapse.

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