News Stocks Sri Lotus Developers Grants 36.86 Lakh Employee Stock Options Under ESOP 2024 SchemeSri Lotus Developers Grants 36.86 Lakh Employee Stock Options Under ESOP 2024 Scheme
Sri Lotus Developers and Realty Limited's Nomination and Remuneration Committee approved the grant of 36,86,222 stock options to eligible employees under ESOP 2024 scheme on February 07, 2026. Each option, priced at Rs. 75/-, is convertible into one equity share with Re. 1/- face value. The options will vest after one year and can be exercised within five years from vesting date, demonstrating the company's commitment to employee retention and long-term value creation.
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Sri lotus developers & realty Limited has announced a significant employee benefit initiative through the grant of stock options under its Employee Stock Option Scheme 2024. The company's Nomination and Remuneration Committee approved this decision during its meeting held on February 07, 2026, demonstrating the organization's commitment to employee retention and motivation.
Stock Option Grant Details
The committee has approved the grant of 36,86,222 stock options to eligible employees under the Sri Lotus Developers Employee Stock Option Scheme 2024. This substantial allocation represents a significant investment in the company's human capital strategy.
| Parameter | Details |
|---|---|
| Total Options Granted | 36,86,222 (Thirty-Six Lakh Eighty-Six Thousand Two Hundred and Twenty-Two Only) |
| Exercise Price | Rs. 75/- per Option |
| Face Value per Share | Re. 1/- each |
| Conversion Ratio | Each Option convertible into one fully paid-up equity share |
| Grant Date | February 07, 2026 |
Vesting and Exercise Framework
The stock options follow a structured timeline designed to align employee interests with long-term company performance. The options will commence vesting after a period of one year from the date of grant, ensuring employee commitment to the organization's future growth.
| Timeline Aspect | Details |
|---|---|
| Vesting Period | Starts after one year from grant date |
| Exercise Window | 5 years from the date of vesting |
| Current Status | Options granted, vesting not yet commenced |
Regulatory Compliance and Terms
The Employee Stock Option Scheme 2024 has been structured in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations, ensuring complete transparency with stakeholders.
Key features of the scheme include:
- Shares arising from option conversion will rank pari-passu with existing equity shares
- No lock-in restrictions except those mandated by applicable laws
- Reasonable adjustments will be made for corporate actions such as rights issues, bonus issues, mergers, or division sales
- Each option confers the right to apply for one equity share of face value Re. 1/-
Corporate Communication
The intimation regarding this stock option grant has been communicated to both BSE Limited (Scrip Code: 544469) and National Stock Exchange of India Limited (Scrip Symbol: LOTUSDEV) in compliance with regulatory requirements. The company has also uploaded this information on its website at lotusdevelopers.com/investor-relations for stakeholder access.
This employee stock option grant reflects Sri Lotus Developers and Realty Limited's strategic approach to talent retention and employee engagement, providing eligible employees with an opportunity to participate in the company's future growth and success.
