K.P. Energy Ltd Approves Grant of 76,000 Stock Options Under ESOP-2023
K.P. Energy Limited announced that its Nomination and Remuneration Committee (Compensation Committee) of the Board of Directors approved the grant of stock options under the KP Energy Employee Stock Option Plan 2023 (KP Energy ESOP-2023). The approval was granted at a meeting held on July 3, 2026.The plan involves granting 76,000 stock options to an eligible employee of the company.
Details regarding the grant include:
| Particulars | Details |
|---|---|
| Total Stock Options Granted | 76,000 (Seventy-Six Thousand) |
| Covered Equity Shares per Option | One (1) Equity Share |
| Face Value per Share | Rs. 5/- each |
| Exercise Price | Rs. 33/- per share |
The KP Energy ESOP-2023 is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Vesting Schedule and Terms
The granted stock options are subject to a minimum vesting period of one year. The allocation of options across different vesting milestones is detailed below:| Vesting Milestone | Timeframe from Grant Date | Percentage Vested |
|---|---|---|
| First Vesting | End of 1st year | 25% |
| Second Vesting | End of 2nd year | 25% |
| Third Vesting | End of 3rd year | 35% |
| Fourth Vesting | End of 4th year | 15% |
The options are subject to a maximum vesting period not greater than five years from the date of grant.
Vested options may be exercised in whole or in part within a three-month period following the date of vesting.
Key terms associated with the options include:
- Transferability: The shares issued upon exercise of options will be freely transferable and will not be subject to any lock-in period after such exercise.
- Lapse Clause: Options that are not exercised within the prescribed Exercise Period shall lapse, and the employee will have no right over those lapsed or cancelled Options.
KPEL Stock Price Movement
As of 12:55 PM, shares of K.P. Energy Limited are slipping by 1.09% in live trading, currently at ₹338.95 after shedding ₹3.75 from the previous close. Trading volume for KPEL stands at 107,161 shares, with the equity moving near its daily low of ₹338.15.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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