Cipla Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting

Cipla's board has announced a meeting outcome where it approved granting stock options (ESOS) and Employee Stock Appreciation Rights (ESARs) to its employees. This move is designed to incentivize talent and align employee interests with shareholder value creation. A total of 5,264 stock options under ESOS 2013-A and 18,178 ESARs under ESAR 2021 were approved. Both come with an attractive exercise price of just INR 2 per option/share. The stock options vest in 2 years, while ESARs have a 3-year graded vesting period, with both exercisable for 5 years post-vesting.