Bajaj Electricals grants 81,983 stock options to employees
Bajaj Electricals Limited’s NRC approved granting 81,983 stock options to seven employees and vesting 75,358 options for 259 cases under the PSOP Plan 2023 on August 6, 2026. Additionally, 39,662 lapsed options were returned to the pool. All options have an exercise price of ₹2 per share.
*this image is generated using AI for illustrative purposes only.
Bajaj Electricals has moved forward with its employee incentive framework, approving both new grants and vestings of performance stock options under its existing plan. The Nomination and Remuneration Committee (NRC) of the Board of Directors sanctioned the grant of 81,983 stock options to seven eligible employees and confirmed the vesting of 75,358 stock options for 259 eligible employee cases. These actions were taken during a meeting held on August 6, 2026, aimed at aligning employee interests with long-term company performance through equity-based rewards.
The approvals were made pursuant to Regulation 30 (read with Part A of Schedule III) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures comply with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026. The committee also ensured adherence to the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, governing share-based employee benefits.
Details of Stock Option Grant
The newly granted options are part of the 'Bajaj Electricals Limited- Performance Stock Option Plan 2023' (PSOP Plan 2023). A total of 81,983 options were allocated, which will eventually convert into 81,983 fully paid-up equity shares. Each share carries a face value of ₹2. The exercise price for these options is set equal to the face value of the equity share, i.e., ₹2 per equity share. The exercise period for these granted options is two years from the date of their respective vesting, subject to specific events outlined in the PSOP Plan 2023.
| Particulars | Details |
|---|---|
| Options Granted | 81,983 |
| Eligible Employees | 7 |
| Exercise Price | ₹2 per share |
| Exercise Period | 2 years from vesting |
Vesting and Lapse Details
Simultaneously, the NRC approved the vesting of 75,358 stock options for 259 eligible employee cases. These vested options also correspond to fully paid-up equity shares with a face value of ₹2 each. The exercise price remains consistent at ₹2 per equity share, and the exercise window is two years from the date of vesting. Notably, 39,662 options were cancelled during this period and have been added back to the options pool, preserving the overall equity reserve for future allocations.
| Particulars | Details |
|---|---|
| Options Vested | 75,358 |
| Eligible Employee Cases | 259 |
| Options Cancelled | 39,662 |
| Exercise Price | ₹2 per share |
What the Numbers Show
The simultaneous grant and vesting activity highlights the active management of Bajaj Electricals' equity compensation pool. The cancellation of 39,662 options, which were returned to the pool, suggests that not all previously granted options met their vesting criteria or were exercised by recipients. This return of options allows the company to reissue them without diluting shareholders beyond the originally approved limits, maintaining capital efficiency while continuing to reward current high-performing employees through the new grants.
Historical Stock Returns for Bajaj Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.47% | +6.85% | +8.34% | -14.83% | -41.75% | -64.88% |
How might the vesting of 75,358 options impact Bajaj Electricals' share price volatility in the coming quarters as employees exercise their rights?
What specific performance metrics or KPIs must the seven newly granted employees meet to ensure their 81,983 options do not lapse before the two-year exercise window closes?
Does the high cancellation rate of 39,662 options indicate a need for restructuring the PSOP Plan 2023 to better align retention goals with employee expectations?
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