Bajaj Electricals Grants 18,894 Stock Options Under Performance Plan 2023
Bajaj Electricals has approved the allocation of 18,894 performance-based stock options to an eligible employee under its Performance Stock Option Plan (PSOP) 2023. The decision was cleared by the company’s Nomination and Remuneration Committee during its meeting held on March 16, 2026.
The grant is part of the company’s employee incentive and retention strategy, and it follows the guidelines laid down by the Securities and Exchange Board of India under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Details of the Stock Option Grant
Under the approved plan, the stock options will be converted into fully paid-up equity shares of the company once the conditions of the plan are fulfilled.
| Parameter | Details |
| Options Granted | 18,894 Performance Stock Options |
| Eligible Recipient | 1 employee |
| Plan Name | Performance Stock Option Plan 2023 |
| Grant Date | March 16, 2026 |
| Shares Covered | 18,894 fully paid-up equity shares |
This allocation represents a fresh grant under the PSOP 2023 framework, designed to reward performance and align employee interests with the company’s long-term growth.
Pricing and Exercise Conditions
The granted stock options carry an exercise price equal to the face value of the company’s equity shares.
| Pricing Terms | Details |
| Exercise Price | ₹2 per equity share |
| Face Value | ₹2 per equity share |
| Exercise Window | Up to 2 years from vesting date |
| Share Type | Fully paid-up equity shares |
The two-year exercise window allows the option holder flexibility to convert the options into shares after the vesting period.
Compliance with SEBI Regulations
Bajaj Electricals confirmed that the stock option grant fully complies with the regulatory requirements of the Securities and Exchange Board of India.
The disclosure was made under Regulation 30 of SEBI Listing Regulations, along with the relevant provisions of the latest SEBI Master Circular issued on January 30, 2026.
Although the grant does not fall under mandatory material disclosure thresholds, the company chose to disclose the information as part of its corporate governance and transparency practices.
About the PSOP 2023 Structure
The Performance Stock Option Plan 2023 was introduced to create a structured incentive system for employees, encouraging long-term value creation for both the workforce and shareholders.
At present:
- No options have been vested
- No options have been exercised
- No options have lapsed
This indicates that the current allocation represents a new grant under the plan.
The regulatory filing confirming the grant was signed by **Prashant Dalvi, Chief Compliance Officer and Company Secretary of Bajaj Electricals.
Summary
Bajaj Electricals has granted 18,894 performance stock options to one eligible employee under its Performance Stock Option Plan 2023. Approved on March 16, 2026, the options carry an exercise price of ₹2 per share, equal to the face value of the company’s equity shares, and can be exercised within two years from the vesting date. The grant complies with SEBI’s share-based employee benefit regulations and forms part of the company’s strategy to reward performance and strengthen employee retention.
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