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.

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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.