APL Apollo Tubes Ltd. Approves Stock Appreciation Right Units for Employees
APL Apollo Tubes Limited announced the approval of 30,00,000 Stock Appreciation Right (SAR) units to eligible employees under its Stock Appreciation Rights Scheme - 2019. The Nomination and Remuneration Committee approved the grant on April 1, 2026.The exercise price per SAR unit was determined at ₹1937. The SAR units will vest and can be exercised within 1 year from the date of last vesting. The total number of shares to be allotted upon exercise of these SAR units will be determined by the appreciation per SAR unit multiplied by the number of SAR units exercised, divided by the market price at the time of exercise. The scheme is administered by the Nomination and Remuneration Committee and complies with SEBI (SBEB & SE) Regulations, 2021.
| Particulars | Details |
|---|---|
| SAR Units Granted | 30,00,000 |
| Effective Grant Date | April 01, 2026 |
| Compliance with SEBI Regulations | Yes |
| Exercise Price per SAR Unit | ₹1937 |
| Time for Exercise | Within 1 year from the date of last vesting |
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