Paras Defence and Space Technologies has granted 1,56,400 stock options to eligible employees under its Employee Stock Option Plan 2024. The options have a face value of ₹5 each, with an exercise price set at ₹650 per share.
The Nomination and Remuneration Committee approved this grant as part of Phase 2 of the Paras Defence ESOP 2024. The total pool of stock options under this plan is 15,90,000, with each option allowing the holder to apply for one equity share of the company.
The options come with a minimum vesting period of three years from the grant date and must be exercised within five years of vesting. This follows an earlier grant of 78,450 options under Phase 1 of the same ESOP, which was adjusted following a stock split in July 2025.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.