Piramal Pharma Limited Piramal Pharma Limited has approved the grant of 56,36,436 stock options to its employees under the Employee Stock Option and Incentive Plan 2022. The Nomination and Remuneration Committee of the Board of Directors sanctioned the grants during its meeting held on July 29, 2026, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The total number of equity shares covered by these options stands at 56,36,436. Each option carries an exercise price of ₹10 per option. This pricing structure is designed to provide employees with a fixed cost basis for acquiring shares, potentially offering upside participation if the market price exceeds the exercise price over the vesting period.

Vesting and Exercise Terms

The vesting schedule varies depending on the employee's location, specifically distinguishing between staff based outside the United States and those within the US. For all locations except the US, three alternative vesting structures apply:

For employees located in the US, the vesting schedule is more accelerated, with all tranches becoming exercisable within a shorter window after vesting:

Options can generally be exercised within five years commencing from the date of vesting of each tranche. However, for US-based employees, the exercise period is strictly limited to the dates mentioned in the schedule above.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III to the SEBI Listing Regulations. The scheme is compliant with the SEBI (Share Based Employee Benefits) Regulations, 2021. Maneesh Sharma, Company Secretary & Compliance Officer, signed the filing submitted to both BSE Limited and the National Stock Exchange of India Limited on July 29, 2026.

Piramal Pharma witnessed a notable block trade on the National Stock Exchange (NSE), with a transaction valued at ₹18.10 crores. The trade involved approximately 923,070 shares, executed at a price of ₹196.12 per share, signalling significant institutional participation in the counter.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Significance of Block Trades

Block trades are large-volume transactions typically executed by institutional investors such as mutual funds, foreign portfolio investors, or other large entities. Such trades are conducted outside the regular market order book to minimise price impact and are closely tracked by market participants as indicators of institutional interest in a particular stock.