Bajel Projects grants 2.62 lakh stock options to employees
Bajel Projects Limited granted 2,62,000 stock options to 5 employees under ESOP 2024 at ₹109.89 per option. The options vest between 1 and 5 years and are exercisable for up to 7 years. The scheme complies with SEBI regulations and shares issued upon exercise will not be locked in.
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Bajel Projects Limited has granted 2,62,000 stock options to 5 eligible employees under its Employee Stock Option Plan 2024 (ESOP 2024). The options carry an exercise price of ₹109.89 per option, determined based on a discount to the closing price on the BSE on May 26, 2026. This move aims to incentivize employees by aligning their interests with the company's growth.
The Nomination & Remuneration Committee of the Board of Directors approved the grant at its meeting held on May 27, 2026. The scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options are exercisable into fully paid-up equity shares with a face value of ₹2 each, subject to the terms of the scheme.
The options will vest over a period ranging from a minimum of one year to a maximum of five years from the grant date. Once vested, the options can be exercised within a maximum period of seven years from the date of the first vesting. The scheme includes provisions for handling options in cases of death, permanent incapacity, resignation, termination, or retirement.
Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period. The company disclosed that there are no options lapsed, exercised, or any variation in terms at this stage. The diluted earnings per share impact is not applicable as the options are yet to be exercised.
The following table summarizes the key details of the grant:
| Particulars | Details |
|---|---|
| Total Options Granted | 2,62,000 |
| Eligible Employees | 5 |
| Exercise Price | ₹109.89 per option |
| Face Value of Shares | ₹2 each |
| Vesting Period | 1 to 5 years |
| Exercise Period | Up to 7 years from first vesting |
Historical Stock Returns for Bajel Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.04% | +10.78% | +6.74% | +10.11% | -8.03% | +2.88% |
What is Bajel Projects' strategy for retaining these key employees beyond the 5-year maximum vesting period?
How will the company fund potential dilution or share buybacks if a significant number of options are exercised?
Does this grant signal the start of a broader rollout of ESOPs to a larger pool of employees in the future?
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