MPS Limited Approves 5th Grant of 79,009 Employee Stock Options Under ESOS 2023 Scheme
MPS Limited's Nomination and Remuneration Committee approved the 5th grant of 79,009 employee stock options under ESOS 2023 at a market price of INR 1,657.70 per share on May 4, 2026. The options vest equally over four annual periods, with a maximum exercise period of five years from the date of vesting, in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
*this image is generated using AI for illustrative purposes only.
MPS Limited has announced the 5th grant of 79,009 (Seventy-Nine Thousand Nine Only) employee stock options under its 'Employee Stock Options Scheme 2023' (ESOS 2023). The Nomination and Remuneration Committee of the Board of Directors approved this grant at its meeting held on May 4, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of the Option Grant
The options have been granted to eligible employees at a market price of INR 1,657.70 per share. The market price was determined as the latest available closing price on the National Stock Exchange of India Limited, being the stock exchange that recorded the highest trading volume in the equity shares of the company on the trading day immediately preceding the date on which the grant was approved. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The following table summarises the key parameters of the 5th grant under ESOS 2023:
| Parameter: | Details |
|---|---|
| Grant Number: | 5th Grant |
| Number of Options Granted: | 79,009 (Seventy-Nine Thousand Nine Only) |
| Total Equity Shares Covered: | 79,009 (Seventy-Nine Thousand Nine Only) |
| Grant Price: | INR 1,657.70 per share |
| Price Basis: | Latest closing price on NSE (highest trading volume exchange) |
| Vesting Schedule: | Equally over 4 (Four) annual vesting periods |
| Exercise Period: | Maximum 5 (Five) years from the date of vesting |
| Governing Scheme: | MPS Limited-Employee Stock Options Scheme 2023 (ESOS 2023) |
| Regulatory Compliance: | SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
Vesting and Exercise Terms
The granted options will vest equally over four annual vesting periods. Once vested, the option grantees are entitled to exercise their vested options within a maximum exercise period of five years from the respective date of vesting. The terms and conditions of ESOS 2023, as approved by the shareholders of the company, are applicable to this grant.
Regulatory Disclosure
The intimation was made in compliance with Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The disclosure was signed by Raman Sapra, Company Secretary & Compliance Officer of MPS Limited. Further details are available on the company's website under the Investors section.
Historical Stock Returns for MPS
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.10% | -3.77% | -1.21% | -28.36% | -28.01% | +160.05% |
How might the cumulative dilution from all five ESOS 2023 grants impact MPS Limited's earnings per share as options progressively vest over the next four years?
Given the grant price of INR 1,657.70, how will MPS Limited's stock performance relative to this benchmark influence employee retention and motivation if the share price declines significantly?
Will MPS Limited consider expanding the ESOS 2023 scheme's pool size or introduce a new scheme given the frequency of grants, and what does this signal about the company's talent acquisition strategy?
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