Jubilant Ingrevia has announced the grant of 3,43,569 stock options to eligible employees under its Employees Stock Option Plan 2021. This decision was approved by the Nomination, Remuneration and Compensation Committee of the company.
The grant includes 2,40,497 performance-linked stock options and 1,03,072 tenure-linked employee stock options (ESOPs). These options will vest after the financial closure of FY30, contingent on the fulfilment of specific conditions. The exercise price for these options is set at Re. 1 per equity share, which is the face value of the company’s shares.
The performance-linked stock options are dependent on the achievement of predefined performance criteria, which are based on the company’s performance parameters and the individual employee’s performance rating. The tenure-linked grants are fully vested after the FY30 financial closure and are designed to be retention-linked, also based on individual performance ratings.
The stock options are exercisable within one year from the date of vesting. Jubilant Ingrevia has confirmed that the scheme aligns with the SEBI (Share Based Employee Benefits) Regulations, 2021.
This initiative reflects Jubilant Ingrevia’s commitment to incentivising and retaining talent by aligning employee rewards with company performance and individual contributions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).