Cipla Limited — Important, 13-05-2025: General Updates

Cipla has announced a board meeting to approve its 89th AGM and granted 98,815 stock options and 3,36,340 Employee Stock Appreciation Rights under respective ESOS schemes. Stock options vest over 2 years with a 5-year exercise window at INR 2 per option, while ESARs have a 3-year graded vesting and 5-year exercise period at the same price. This move focuses on boosting employee retention and aligning their interests with shareholders.