Welspun Corp has announced the grant of 86,717 stock options to its eligible employees under the Welspun Corp Employee Benefit Scheme – 2022. This decision was made during a meeting of the Nomination and Remuneration Committee of the Board of Directors held on 25 March 2026.
The stock options are part of a structured plan implemented through the Welspun Corp Employees Welfare Trust. The scheme aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring compliance with the regulatory framework.
The vesting period for these stock options is set over three years. In the first year, 30% of the options will vest, followed by 35% in the second year, and the remaining 35% in the third year. The first vesting will occur one year from the date of the grant.
Employees will have the opportunity to exercise their vested options within a one-year period from each respective vesting date. The exercise price for each option has been set at ₹300.
This initiative is part of Welspun Corp’s ongoing efforts to incentivise and retain talent within the organisation, aligning employee interests with the company’s long-term growth objectives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).