KPI Green Energy Limited has approved the grant of 75,000 employee stock options (ESOPs) to an eligible employee under its KPI Green Energy Limited Employee Stock Option Plan 2023 (KPI Green – ESOP 2023). The decision was taken by the company’s Nomination and Remuneration Committee (Compensation Committee) at its meeting held on July 3, 2026, according to a regulatory filing.
The company stated that the grant complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as well as the disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The stock option grant covers 75,000 equity shares, with each option convertible into one equity share having a face value of Rs. 5. The Compensation Committee has approved an exercise price of Rs. 35 per share for the options.
Under the vesting schedule, 25% of the options will vest after one year, another 25% after two years, 35% after three years, and the remaining 15% after four years from the date of grant. Vested options may be exercised, either fully or partially, within three months from the respective vesting date.
The filing further stated that shares allotted upon the exercise of the options will be freely transferable and will not be subject to any lock-in period. However, any vested options that remain unexercised within the stipulated exercise period will lapse. The scheme also specifies a minimum vesting period of one year and a maximum vesting period of five years from the date of grant.
KPI Green Energy said the ESOP grant is part of its employee incentive programme aimed at rewarding and retaining talent while aligning employee interests with the company’s long-term growth and value creation objectives.
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