InterGlobe Aviation's Nomination and Remuneration Committee has approved the grant of 113,500 stock options to eligible employees under its Employees Stock Option Scheme 2023. The options allow grantees to acquire up to 113,500 equity shares at a face value of INR 10 each, subject to vesting conditions.

The scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options granted are Performance Stock Options, and the pricing formula is fixed at INR 10 per share. Grantees will have a period of four years from the date of vesting to exercise these options.

No options have been vested, exercised, or lapsed as of the current disclosure. Consequently, there is no money realised by the exercise of options, and no diluted earnings per share impact has been recorded yet. The company confirmed there are no subsequent changes, cancellations, or exercises of the options.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing referenced SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/II/3762/2026 dated January 30, 2026.

Key Details of the Grant

InterGlobe Aviation Limited has signed a Memorandum of Understanding (MoU) with CFM International for an order of 1,000+ LEAP-1A engines to power 510 Airbus A320neo Family aircraft. This agreement marks the largest single order ever placed for LEAP engines and establishes a record for CFM International. The deal includes CFM's support in establishing IndiGo's upcoming engine maintenance, repair, and overhaul (MRO) facility and a long-term material services agreement to ensure high dispatch reliability and predictable costs as the airline scales operations.

The MoU was announced on July 20, 2026, at Farnborough. Willie Walsh, Chief Executive Officer Designate at IndiGo, stated that the LEAP engine's industry-leading reliability makes it the ideal choice to support the airline's scale, operational resilience, and sustainability ambitions. IndiGo has been a CFM customer for a decade, operating a fleet that now exceeds 375 A320/321 Family aircraft. The airline first ordered LEAP-1A engines in 2019 for its A320/321neo Family aircraft.

H. Lawrence Culp, Jr., Chairman and Chief Executive Officer at GE Aerospace, noted that LEAP engines are delivering up to twice the time on wing in hot and harsh operating environments compared to when they entered service. He highlighted GE Aerospace's commitment to India, citing a strong installed base, manufacturing in Pune, a local supplier network, and advanced engineering in Bengaluru. India is CFM’s third-largest market, with five Indian carriers operating more than 400 LEAP-powered aircraft and 2,000 engines on order.

Olivier Andriès, Chief Executive Officer of Safran, emphasized that the milestone reflects the trust airlines place in the LEAP engine's performance. He stated that India is of strategic importance to Safran, with continued investments in LEAP engine production and MRO capabilities strengthening the commitment to IndiGo's growth. Safran recently inaugurated its largest MRO center for the LEAP engine, a 45,000-square-meter facility with a capacity of 300 shop visits per year.

CFM International is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines. The company has delivered more than 10,000 LEAP engines to date, experiencing the fastest ramp in commercial aviation history. CFM continues to upgrade the LEAP fleet with a high-pressure turbine durability kit and a reverse bleed system to lower maintenance burdens. The company focuses on delivering high engine availability through exceptional MRO performance and competitive cost of ownership.

Key Details of the Agreement