Board Approves New Stock Schemes, Regularizes Director at B-Right Realestate Limited
B-RIGHT REALESTATE LIMITED (BRRL) held a board meeting on July 20, 2026, during which the company considered and approved several key corporate decisions. These outcomes include the regularization of an Additional Director, the appointment of new professional advisors, and the adoption of two significant employee incentive schemes: the BRRL Employee Stock Option Scheme 2026 (ESOP 2026) and the BRRL Performance Based Stock Unit Scheme 2026 (PSU 2026). The meeting also approved the notice for the company's 19th Annual General Meeting (AGM).The board’s deliberations included adopting the Directors Report and the Secretarial Audit Report for the Financial Year 2025-2026. Subject to members' approval, the appointment of Mr. Prashant Shirsat (DIN: 05212829) as a regular Additional (Non-Executive Non-Independent) Director was approved.
Additionally, M/s DSM & Associates, practicing Company Secretary, and DMS & Co., Chartered Accountant Firm, were appointed as the Secretarial Auditor and Internal Auditor of the company, respectively. The board also considered the closure of the Fixed Deposit Scheme of the company, subject to members' approval.
Employee Stock Option Scheme 2026 Details
The Board adopted the BRRL - Employee Stock Option Scheme 2026 (ESOP 2026) for the employees of subsidiary and holding companies. The scheme is designed with the objective 'where Commitment Leads to Ownership,' aiming to encourage sustained employee contribution through a sense of shared success and ownership.Key details regarding the ESOP 2026 are as follows:
| Detail | Specification |
|---|---|
| Objective | Encouraging sustained employee contribution through shared success and ownership. |
| Total Shares Covered | 10,33,120 shares. |
| Pricing Formula | The exercise price shall not be less than the face value and must not exceed the fair market value (FMV) of an equity share at the time of grant. |
| Vesting/Exercise Period | Not applicable at this stage. Options are vested after a minimum period of one year and can be exercised within five years from vesting date. |
| Shares per Option | One equity share of face value of Rs. 10/- each. |
Performance Based Stock Unit Scheme 2026 Details
The board also adopted the BRRL - Performance Based Stock Unit Scheme, 2026 (PSU 2026), intended for granting Performance-Based Stock Units to eligible employees of the company and its subsidiary and associate companies. This PSU scheme is aimed at attracting, retaining, motivating, and rewarding employees by providing them an opportunity to participate in long-term growth and value creation.Summary details of the PSU 2026 are:
| Detail | Specification |
|---|---|
| Objective | To attract, retain, motivate, and reward eligible employees through equity ownership and recognize their continued association with the company and its associated entities. |
| Total Shares Covered | 5,16,560 shares. |
| Pricing Formula | The exercise price shall not be less than the face value and must not exceed the fair market value (FMV) of an equity share at the time of grant, in conformity with applicable accounting policies. |
| Vesting/Exercise Period | Not applicable at this stage. PSUs are granted after a minimum vesting period of one year and must be exercised within five years from the date of vesting. |
| Shares per Unit | One equity share of face value of Rs. 10/- each. |
The Board meeting concluded with the approval of the notice for the 19th Annual General Meeting (AGM), stipulating that the directors would decide the AGM's date, time, and venue.
MWL Stock Price Movement
Shares of Mangalam Worldwide Limited closed today, shedding 0.67% to settle at ₹36.80 as the stock slipped on both margin indicators. The equity saw a total traded volume of 123,623 shares and finished near its intraday low of ₹36.50.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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