Minda Corporation Limited has announced the grant of employee stock options under its Employee Stock Option Scheme 2017, following approval by the company's Nomination and Remuneration Committee on December 20, 2025. The comprehensive grant structure includes both immediate and future-dated option allocations totaling ₹9.00 crores in value.

Stock Option Grant Details

The approved grant comprises three distinct components with varying determination mechanisms:

The 57,388 options granted immediately were calculated based on a value of ₹3.00 crores using the company's closing share price of ₹522.75 on June 1, 2025. Each stock option is convertible into one equity share with a face value of ₹2.00.

Exercise and Vesting Terms

All granted options follow a uniform vesting and exercise structure:

The options vesting schedule ensures that all three grant components vest simultaneously on April 1, 2028, providing employees with a one-year window to exercise their options thereafter.

Regulatory Compliance

The stock option grants have been structured in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014. Minda Corporation has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both the National Stock Exchange and BSE Limited of the grant details.

Scheme Framework

The grants are issued under the Minda Corporation Employee Stock Option Scheme 2017, which provides the framework for employee equity participation. The scheme allows for flexible pricing mechanisms, with the current grants offering value to employees through the face value exercise price of ₹2.00 per option, below current market levels.

The future-dated grants for 2026 and 2027 will have their option quantities determined based on the respective closing market prices on April 1 of each year, ensuring the ₹3.00 crore value allocation while adjusting for market conditions at the time of determination.

Minda Corporation Limited has reported an improvement in its ESG (Environmental, Social and Governance) rating for FY2025, with SESESG Research Private Limited assigning a rating of 68.4 compared to 66.6 in FY2024.

ESG Rating Performance

The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on December 11, 2025. The rating assessment was communicated by SESESG Research through an email dated December 9, 2025.

Independent Assessment Clarification

Minda Corporation has specifically clarified that it did not engage SESESG Research for this rating or report. The ESG evaluation was conducted independently by the rating agency based on information available in the public domain. This reflects the company's performance across Environmental, Social and Governance parameters as assessed by the external rating agency.

Regulatory Compliance

The disclosure has been made in compliance with SEBI listing regulations and is also available on the company's website at www.sparkminda.com . Company Secretary Pardeep Mann signed the regulatory filing, ensuring proper documentation and transparency for stakeholders.

The improved ESG rating indicates enhanced performance in sustainability and governance metrics, though the company emphasizes that this assessment was conducted without its direct engagement with the rating agency.