Bajaj Electricals Limited Approves Grant of 11,725 Stock Options Under Performance Plan 2023
Bajaj Electricals Limited announced that its Nomination and Remuneration Committee, at a meeting held on May 15, 2026, approved the granting of performance stock options to an eligible employee. The grant falls under the 'Bajaj Electricals Limited - Performance Stock Option Plan 2023' (PSOP Plan 2023).The approval grants 11,725 Stock Options to a single eligible employee of the Company. The PSOP Plan 2023 is structured in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key details concerning the stock options, including the total shares covered and the exercise terms, have been outlined as follows:
| Particulars | Details |
|---|---|
| Options Granted | 11,725 Performance Stock Options |
| Recipient | One eligible employee |
| Shares Covered | 11,725 fully paid-up equity shares of Rs. 2/- each |
| Pricing Formula (Exercise Price) | Rs. 2/- per equity share (equal to the face value) |
| Options Vested | Not Applicable |
| Exercise Period | Two years from the date of respective vesting of options (excluding specified events in the PSOP Plan 2023) |
| Options Exercised/Lapsed | Not Applicable |
The significant terms and conditions of the PSOP Plan 2023 are detailed in the Explanatory Statement, which was part of the Postal Ballot Notice dated November 6, 2023.
BAJAJELEC Stock Price Movement
Shares of Bajaj Electricals Limited are edging higher to ₹396.00 as of 10:46 AM today, having climbed 1.63% in live trading. On a volume of 35,319 shares, the stock remains active within the day’s range of ₹387.95 to ₹397.00.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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