Godrej Properties has announced the approval of 29,371 stock options to eligible employees under its Employee Stock Grant Scheme (GPL ESGS). The Nomination and Remuneration Committee of the company’s Board of Directors sanctioned the grants during a meeting on 4th May 2026. The exercise price for these options is set at ₹5 per option, with each option allowing the holder to acquire one equity share of the company with a face value of ₹5.
The stock options are structured to vest over a period of three years. Employees will have the opportunity to exercise their options within one month from the vesting date, although this period may be adjusted by the Nomination and Remuneration Committee.
In addition to the approval of new stock options, the committee also noted the lapse of 3,418 stock grants previously issued under the GPL ESGS. The lapse means that the concerned employee will no longer have any claim to these stock grants.
The committee meeting began at 09:30 a.m. and concluded at 10:30 a.m.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).