Greaves Cotton Approves Grant of Up to 3,39,229 Employee Stock Options Under ESOP 2024
Greaves Cotton's Nomination and Remuneration Committee approved the grant of up to 3,39,229 stock options under ESOP 2024 on May 5, 2026, at an exercise price of Rs. 2/- per option. The grant is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and covers 3,39,229 shares exercisable within 8 years from the vesting date.
*this image is generated using AI for illustrative purposes only.
The Nomination and Remuneration Committee of the Board of Directors of Greaves Cotton approved the grant of up to 3,39,229 (Three Lakh Thirty-Nine Thousand Two Hundred and Twenty-Nine) stock options at its meeting held on May 5, 2026. The grant has been made under the Greaves Cotton Employee Stock Option Plan 2024 (ESOP 2024), in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEB & SE Regulations), as amended from time to time.
Key Details of the Stock Option Grant
The following table outlines the key parameters of the stock options granted under ESOP 2024:
| Parameter: | Details |
|---|---|
| Number of Options Granted: | Up to 3,39,229 (Three Lakh Thirty-Nine Thousand Two Hundred and Twenty-Nine) |
| Scheme Compliance: | Yes — in terms of SEBI SBEB & SE Regulations |
| Total Shares Covered: | 3,39,229 |
| Exercise Price: | Rs. 2/- per option |
| Exercise Window: | Up to 8 years from the vesting date |
Regulatory Compliance
The grant has been made in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company confirmed that the scheme is fully compliant with the applicable regulatory framework. The intimation was formally communicated to BSE Limited and the National Stock Exchange of India Limited as part of the company's listing obligations.
Greaves Cotton's Group General Counsel and Company Secretary, Atindra Basu (Membership No.: F13799), signed the disclosure on behalf of the company.
Historical Stock Returns for Greaves Cotton
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +3.74% | +24.26% | -15.91% | -11.14% | +25.40% |
How might the highly discounted exercise price of Rs. 2/- per option impact employee retention and talent acquisition strategies at Greaves Cotton compared to industry peers?
What percentage of Greaves Cotton's total outstanding shares will the 3,39,229 stock options represent, and could this level of dilution concern existing shareholders?
Which employee levels or business divisions are likely targeted by this ESOP grant, and does it signal a strategic push in Greaves Cotton's EV or clean energy segments?
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