Kaya Limited NRC approves 75,000 stock options under ESOS Scheme-VI
Kaya Limited's NRC granted 75,000 stock options to employees under the ESOS 2021 Scheme-VI on August 10, 2026. Each option converts to one ₹10 face value share, with a minimum two-year vesting period and a one-year exercise window post-vesting. The move complies with SEBI LODR and Share Based Employee Benefits Regulations.
*this image is generated using AI for illustrative purposes only.
The Nomination and Remuneration Committee (NRC) of kaya approved the grant of 75,000 stock options to eligible employees on August 10, 2026. This allocation falls under the Employee Stock Option 2021 Scheme-VI and aims to align employee incentives with long-term company performance. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commonly known as SEBI LODR.
The grant involves 75,000 equity shares, with each stock option convertible into one equity share having a face value of ₹10. The exercise price per option has been determined by the NRC in accordance with the Companies Act, 2013 and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Specifically, the exercise price is not lower than the face value of the equity shares on the date of grant. The specific exercise price is communicated to each option grantee through their respective Grant Letters.
Key Terms of the Option Grant
The structural details of the stock option grant are outlined below:
| Particulars | Details |
|---|---|
| Number of Options Granted | 75,000 |
| Scheme | Employee Stock Option 2021 Scheme-VI |
| Vesting Period | Minimum of 2 years from grant date |
| Exercise Period | Not more than 1 year from vesting date |
| Face Value per Share | ₹10 |
| Regulatory Compliance | SEBI SBEB and SE Regulations, 2021 |
The options will not vest earlier than a minimum period of two years from the grant date. The vesting schedule is determined at the discretion of the NRC and as prescribed in the individual grant letters. Once vested, employees have an exercise period of no more than one year to convert their options into equity shares.
Regulatory Compliance and Disclosure
This transaction adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. As this is a fresh grant, details regarding options vested, exercised, lapsed, or money realized are currently not applicable. Similarly, the impact on diluted earnings per share is not applicable at this stage.
What the Numbers Show
The approval of 75,000 options represents a targeted retention and incentive strategy for eligible staff. By tying the vesting to a minimum two-year period, Kaya Limited ensures that beneficiaries remain engaged with the company’s long-term objectives before realizing any potential financial benefit from the equity conversion. The exercise window of one year post-vesting provides a defined timeframe for employees to act on their granted rights.
Historical Stock Returns for Kaya
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.49% | +4.92% | +20.88% | -14.26% | -31.29% | -34.66% |
How might the two-year vesting period influence Kaya's employee retention rates in the competitive mobility sector?
What is the potential impact of these 75,000 options on Kaya's diluted earnings per share once they vest and are exercised?
How does the exercise price determined by the NRC compare to Kaya's current market price, and what does this imply for the intrinsic value of the grant?
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