Bajel Projects Limited has announced the grant of 2,62,000 stock options under its Employee Stock Option Plan 2024 (ESOP 2024). The decision was approved by the Nomination & Remuneration Committee of the Board of Directors during a meeting held on 27 May 2026. The stock options have been allocated to five eligible employees of the company.
The ESOP 2024 is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each option is exercisable into one equity share of the company at an exercise price of ₹109.89 per option. This price was determined as a discount on the closing price of Bajel Projects‘ shares on the BSE on 26 May 2026, the last trading day before the committee meeting.
The options granted under the scheme are exercisable within a maximum period of seven years from the date of first vesting. The scheme provides for the treatment of stock options in cases of employee death, permanent incapacity, resignation, termination, or retirement. Additionally, the equity shares allotted upon exercise of the stock options will not be subject to a lock-in period.
The vesting period for the options is set to be no earlier than one year and no later than five years from the grant date.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).