Telge Projects grants 39,909 ESOPs at 30.6% discount

Telge Projects has approved the grant of 39,909 stock options to eligible employees under its Telge Projects Limited – Employee Stock Option Plan (TPL - ESOP 2026). The Nomination and Remuneration Committee of the Board of Directors granted the options at a meeting held on July 16, 2026. The grant is in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The options have been set at an exercise price of Rs. 110 per share. This price represents a discount of approximately 30.60% compared to the prevailing market price of Rs. 158.50 per equity share as on July 15, 2026. The total number of equity shares covered by these options is 39,909.

Key Details of the Grant

Particulars	Details
Total Options Granted	39,909
Exercise Price	Rs. 110 per share
Market Price as on July 15, 2026	Rs. 158.50 per share
Discount	30.60%
Vesting Period	Not earlier than 1 year and not later than 5 years
Exercise Period	Upto 2 years from the vesting date

The vesting schedule dictates that the options cannot be exercised earlier than one year from the date of grant and must be exercised no later than five years from the grant date, subject to the terms of the TPL-ESOP 2026. Once vested, the options can be exercised within a period of two years from the respective vesting date.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.95%	-2.04%	+26.65%	+59.80%	+47.58%	+47.58%

Shailesh Uttam Telge, an immediate relative of a promoter at Telge Projects , has acquired 25,200 equity shares through open market transactions. The purchase, valued at ₹38,57,844, was executed on the BSE between June 29 and June 30, 2026, as disclosed in a regulatory filing on July 1, 2026.

Following the acquisition, Telge's total holding in the company increased to 64,800 equity shares, which constitutes 0.66% of the paid-up share capital. Prior to this transaction, he held 39,600 shares, accounting for 0.40% of the company. The disclosure was submitted to the company's Compliance Officer in accordance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

The filing outlines the specifics of the change in shareholding via Form C. The table below details the securities held before and after the transaction:

Particulars	Details
Name	Shailesh Uttam Telge
Category	Immediate Relative of Promoter
Securities Type	Equity Shares
Pre-transaction Holding	39,600 (0.40%)
Shares Acquired	25,200 (0.26%)
Transaction Value	₹38,57,844
Post-transaction Holding	64,800 (0.66%)
Transaction Date	29-06-2026 to 30-06-2026
Mode of Acquisition	Market
Exchange	BSE

Telge Projects confirmed in its submission to the BSE that it has received the necessary disclosures and placed them on record. The company noted that the value of the transaction excludes taxes, brokerage, and other charges. There were no derivative trades reported by the insider during this period.