Laurus Labs ' Nomination and Remuneration Committee has approved a comprehensive stock option grant across three Employee Stock Option Plans (ESOP), benefiting over 1,100 employees. The committee meeting held on January 23, 2026, sanctioned the distribution of 4,23,125 stock options at a uniform grant price of ₹754.50 per option.

Grant Distribution Across ESOP Schemes

The stock option allocation spans three distinct schemes with varying employee coverage:

Pricing and Effective Date

All options carry a face value of ₹2.00 each and are priced at ₹754.50 per option. This pricing represents a 25% discount to the market value of shares on the last trading day, January 22, 2026. The effective date for all grants is July 01, 2025, providing employees with participation in the company's performance through equity ownership.

Vesting Schedules

The vesting structure differs between the schemes. For the 2016 and 2018 ESOP schemes, options vest in three stages:

The 2021 ESOP scheme follows a four-stage vesting schedule with equal 25% distributions over five years, extending the final vesting to July 01, 2030.

Exercise Terms and Conditions

Employees must exercise their vested options within one year of the respective vesting dates. Options that remain unexercised beyond this period will lapse automatically. Each option, when exercised, converts into one fully paid-up equity share with a face value of ₹2.00.

The shares arising from option conversion will rank equally with existing equity shares and will not be subject to lock-in restrictions, except those imposed by applicable laws. This structure allows employees to participate directly in the company's growth while maintaining flexibility in their investment decisions.