Jubilant Ingrevia Limited board of directors approved an amendment to its Employee Stock Option Plan 2021 to increase the ESOP pool from 20 lakh to 30 lakh stock options. The decision, taken on October 1, 2026, is subject to final approval from the company's shareholders.

The Board acted on the recommendation of the Nomination, Remuneration and Compensation Committee. The amendment complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The expanded pool will allow the company to grant additional equity shares to eligible employees in one or more tranches.

Rationale for expansion

The company stated that the existing pool was nearing utilisation limits. To address future requirements for talent retention, leadership succession, and strategic hiring, the Board deemed the current allocation inadequate. The enhancement aims to strengthen alignment between employee performance and shareholder value creation while maintaining competitiveness with industry peers.

Key plan details

The following table outlines the specific parameters of the amended ESOP plan as disclosed in the regulatory filing:

Dilution and compliance

The proposed increase represents a potential dilution of 1.88% of the paid-up share capital based on figures as on September 30, 2026. The company confirmed that no options have been vested or exercised under this specific amendment yet, as it awaits shareholder ratification. Further details regarding significant terms and diluted earnings per share impacts will be disclosed when seeking formal approval from shareholders.

Jubilant Ingrevia has approved the acquisition of a 40% strategic equity stake in Zettaone Technologies India Private Limited. The investment will be executed through Jubilant Advanced Electronics Limited, a newly incorporated wholly owned subsidiary.

Strategic rationale and sector focus

The move aligns with the company's Pinnacle Growth Strategy, aiming to strengthen its presence in the Electronics Development and Manufacturing Services (EDMS) sector. The acquisition is intended to create an integrated value proposition across the electronics and semiconductor ecosystem, leveraging the company's existing semicon/electronics chemicals business. This structure allows for deeper customer engagement across the value chain while providing operational flexibility.

The proposed subsidiary will be engaged in the manufacturing of electronic products and semiconductors. By routing the investment through a dedicated vehicle, the company seeks to pursue opportunities in high-purity semicon/electronics materials and allied segments more effectively.

Subsidiary details and investment structure

The Board of Directors approved the incorporation of Jubilant Advanced Electronics Limited on October 1, 2026. The subsidiary will be registered in Gurugram, Haryana, India. The initial subscription to the paid-up share capital will be made entirely in cash.

The cost of subscription for the subsidiary's initial capital is capped at ₹10 crore, comprising up to 1 crore equity shares with a face value of ₹10 each, subscribed at par value. No governmental or regulatory approvals are required for the incorporation of this entity.