Bajaj Electricals grants 11,725 stock options under PSOP Plan 2023

Arunika Jain — Fri, 15 May 2026 05:12:43 +0000

Bajaj Electricals Limited has announced the grant of 11,725 Performance Stock Options under its Performance Stock Option Plan 2023 (PSOP Plan 2023). This decision was approved by the Nomination and Remuneration Committee of the Board of Directors during a meeting held on 15 May 2026.

The stock options have been allocated to one eligible employee of the company, aligning with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each option corresponds to one fully paid-up equity share of ₹2, as per the terms of the PSOP Plan 2023.

The exercise price for these options is set at the face value of the equity share, which is ₹2 per share. The exercise period for the options is two years from the date of vesting, with specific conditions outlined in the PSOP Plan 2023.

The PSOP Plan 2023 complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The detailed terms of the plan are available in the Explanatory Statement accompanying the Postal Ballot Notice dated 6 November 2023, accessible on the company’s official website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PSOP Plan 2023 | Business Upturn

Bajaj Electricals grants 11,725 stock options under PSOP Plan 2023