Bajaj Electricals Limited has granted 18,894 performance-based stock options to an eligible employee under its Performance Stock Option Plan (PSOP) 2023. The approval was accorded by the company’s Nomination and Remuneration Committee during its meeting held on March 16, 2026.
Key Details of the Grant
The stock option grant forms part of the company’s long-term employee incentive strategy, aimed at aligning employee performance with shareholder value.
- Options Granted: 18,894 performance stock options
- Recipient: 1 eligible employee
- Plan: Performance Stock Option Plan 2023
- Grant Date: March 16, 2026
- Underlying Shares: Equivalent number of fully paid-up equity shares
The grant represents a fresh allocation under the existing ESOP framework.
Pricing and Exercise Structure
The options have been issued at an exercise price aligned with the face value of the company’s equity shares.
- Exercise Price: ₹2 per equity share
- Face Value: ₹2 per equity share
- Exercise Window: Up to 2 years from the date of vesting
- Share Type: Fully paid-up equity shares
This structure provides flexibility to the option holder while maintaining alignment with the company’s compensation policies.
Regulatory Compliance and Disclosures
The company confirmed that the grant is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, in line with the applicable SEBI master circulars updated as of January 30, 2026.
Although the grant does not meet the threshold for material events, the company has disclosed the information as part of its commitment to transparency and strong corporate governance standards.
Plan Framework and Current Status
The Performance Stock Option Plan 2023 is designed to support employee retention and incentivize long-term performance. The plan includes defined vesting and exercise conditions, as outlined in the company’s official documentation.
As of now:
- No options from this grant have vested
- No options have been exercised or lapsed
This indicates that the current issuance is at an early stage within the lifecycle of the ESOP plan.
The regulatory filing was formally authenticated by the company’s Chief Compliance Officer and Company Secretary, Prashant Dalvi.
Summary
- Bajaj Electricals granted 18,894 stock options under PSOP 2023
- Allocation made to one eligible employee
- Exercise price set at ₹2 per share, equal to face value
- Options can be exercised within 2 years from vesting
- Fully compliant with SEBI ESOP regulations and disclosure norms
- No vesting or exercise has occurred yet under this grant
- Reflects company’s focus on performance-linked employee incentives
Disclaimer:
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