Pidilite Q3 Earnings: Company grants 17,000 stock options under ESOP

The exercise term for all shares will be up to three years from the date of option vesting.


Pidilite, the producer of Fevicol glue, said that it has issued 17,500 stock options to qualified workers on January 24, 2023 under the Employee Stock Option Plan-2016.

“This is to inform that the Company has granted 17,500 stock options under ESOP-2016 to the eligible employees of the Company on 24th January, 2023,” the company said in a regulatory filing.

The vesting date for 5,000 shares will be June 1, 2025, with an exercise price of Re 1; for another 5,000 shares, it will be June 1, 2026; and for 7,500 shares, it will be June 1, 2027, with an exercise price of 2,205.

Today, the firm reported its third-quarter profits.