Grasim Industries Limited — Others, 21-11-2024: ESOP/ESOS/ESPS

Grasim Industries has announced a board meeting regarding the grant of 22,987 stock options under its Employee Stock Option and Performance Stock Unit Scheme 2022. This includes 20,492 options and 2,495 performance stock units (PSUs), targeting eligible employees of the company. The options vest over three years with a performance condition, while the PSUs fully vest at the end of three years. The exercise price is set at approximately ₹2,508.15 per option based on recent market price. This move could enhance employee motivation and align their interests with shareholder value, potentially fostering a positive outlook among investors.