Glenmark Pharmaceuticals Limited — Others, 22-05-2025: Options to purchase securities

Glenmark Pharmaceuticals has announced a board meeting to grant 1,19,318 employee stock options at Rs. 600 per share under its 2016 ESOP scheme. The options will vest over one to six years, pending Nomination and Remuneration Committee approval, with no changes to original terms. Exercising these options will result in issuance of equal equity shares of Re. 1 each. This grant is designed to motivate employees, align their interests with shareholders, and support talent retention.