Elgi Equipments Limited — Others, 28-05-2025: ESOP/ESOS/ESPS

ELGi Equipments has announced a board meeting to approve the grant of 6,09,400 stock options to eligible employees and subsidiaries under its 2019 Employee Stock Option Plan. Each option converts into one equity share with an exercise price of Rs. 478.25, based on the market price at grant. The options vest over a maximum of three years, with a three-month exercise window post-vesting. This aligns employee incentives with shareholder interests, promoting long-term growth and retention.