Kirloskar Ferrous Industries Grants 236,000 Stock Options in Employee Scheme
Kirloskar Ferrous Industries Limited (KFIL) announced a grant of stock options as part of the 'KFIL Employee Stock Option Scheme 2021'. The decision was made by the Nomination and Remuneration Committee of the Board of Directors during its meeting held on August 5, 2026.The company granted a total of 2,36,000 stock options under this scheme. The grant details confirm that each stock option is convertible into one equity share of face value ₹ 5. The exercise price set for the options stands at ₹ 349 per stock option.
Key parameters regarding the allocation and conversion are detailed in the table below:
| Particulars | Details |
|---|---|
| Number of stock options granted | 2,36,000 stock options |
| Total equity shares covered by these stock options | 2,36,000 equity shares |
| Exercise Price per stock option | ₹ 349 |
The scheme is aligned with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Stock Option Vesting and Exercise Period
The allotment includes a specific vesting schedule for the granted options, which are based on performance and time. Options will vest over four years.Details regarding the vesting and exercise timeline are as follows:
| Particulars | Schedule Details |
|---|---|
| Vesting Milestones | At the end of the first year from the date of grant, one-quarter (1/4th) of total stock options granted will vest. A further one-quarter will vest at the end of the second year, another one-quarter at the third year, and the final one-quarter at the fourth year from the date of grant. |
| Exercise Window | The granted stock options may be exercised within three years from the date of vesting. |
KIRLOSIND Stock Price Movement
Today, Kirloskar Industries Limited shed ₹155.40 or 3.94% of its value in post-market trading, settling the session at ₹3803.80. The equity traded within a considerable intraday range, peaking at a high of ₹4034 before finding support near ₹3784.1.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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