<h1>KPI Green Energy Ltd Approves Grant of 75,000 Stock Options Under ESOP 2023</h1>
The Nomination and Remuneration Committee of KPI Green Energy Ltd approved the grant of stock options to an eligible employee under the KPI Green Employee Stock Option Plan 2023 (ESOP 2023). The approval was made during a meeting held on July 03, 2026.
The plan is designed under the framework of the KPI Green ESOP 2023 and has been structured to comply with relevant regulations regarding share-based employee benefits.
A total of 75,000 Stock Options were granted to an eligible employee of the Company. These options cover 75,000 equity shares of the company, which have a face value of Rs. 5/- each. The options are offered at a predetermined exercise price of Rs. 35/- per share, as sanctioned by the Compensation Committee.
Key details regarding the granted stock options include:
| Particulars | Details |
|---|---|
| Total Options Granted | 75,000 Stock Options |
| Face Value per Share | Rs. 5/- |
| Exercise Price (Pricing formula) | Rs. 35/- per share |
| Compliance Status | In compliance with KPI Green ESOP 2023 guidelines. |
Vesting Schedule and Terms
The granted stock options are subject to a minimum vesting period of one year, with a maximum vesting period not exceeding five years from the date of grant. The vesting schedule is structured in tranches across the four-year period:| Vesting Tranche Period | Percentage of Options Vested |
|---|---|
| At the end of 1st year | 25% |
| At the end of 2nd year | 25% |
| At the end of 3rd year | 35% |
| At the end of 4th year | 15% |
The vested options must be exercised in whole or in part within a period of three months from the date of vesting. Significant terms associated with these options include that the shares issued upon exercise shall be freely transferable and not subject to any lock-in period. The options granted may also vest in one or more tranches.
KPIGREEN Stock Price Movement
Shares of KPI Green Energy Limited are edging higher to ₹403.7 as of 12:16 PM today, gaining 0.29% in live trading. The stock saw robust activity during the session with a traded volume of 298,577 shares.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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