BLS International Services has announced the approval of 1,50,000 employee stock options under its 2023 Employee Stock Option Scheme. The Nomination and Remuneration Committee sanctioned the options, convertible into equity shares with a face value of Re. 1 each, on 19 May 2026.
The scheme aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price is set at ₹254.70 per option, and the options will vest equally over a three-year period, subject to eligibility criteria. Employees can exercise vested options within one year from the vesting date.
This grant is part of BLS International’s strategy to incentivise and retain talent by offering equity participation. The options are expected to result in 1,50,000 equity shares, assuming all options are vested and exercised.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).