Aditya Birla Real Estate Board Approves Employee Stock Options Scheme, Proposing 8,29,000 Equity Shares
Aditya Birla Real Estate Limited has approved a new scheme for employee stock and performance options. The decision was made by the Board of Directors based on the recommendations from the Nomination and Remuneration Committee.The approval concerns the formulation, adoption, and implementation of the Aditya Birla Real Estate Limited Employee Stock Options and Performance Stock Options Scheme 2026 (ABREL ESOP Scheme 2026). The scheme is designed to be implemented through the CTIL Employee Welfare Trust via secondary acquisition.
The ABREL ESOP Scheme 2026, which adheres to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 as amended, proposes granting a total aggregate number of Stock Options up to 8,29,000 equity shares. This proposed grant corresponds to 0.74% of the paid-up equity share capital of the Company.
The implementation of the scheme is subject to the approval of the company's shareholders. A Postal Ballot Notice will be sent in due course to seek shareholder consent for the matter.
ABREL Stock Price Movement
Aditya Birla Real Estate Limited shares edged higher today to settle at ₹1,399 after gaining 1.72%. The stock traded with a high of ₹1,449 during the session, accompanied by a total volume of 465,280 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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