News ArticleStudds Accessories Limited Grants 1,30,000 Employee Stock Options at 15% Discount on October 31, 2026
Options issued under ESOP Scheme 2026 with exercise price INR 334.90 and vesting over up to five years
Studds Accessories Limited approved the grant of 1,30,000 employee stock options on October 31, 2026, under its 2026 ESOP Scheme. The options carry an exercise price of INR 334.90 each, a 15% discount to the market price on October 30, 2026, with vesting conditions and a five-year exercise period post-vesting.
Studds Accessories Limited
Financial Results
On October 31, 2026, Studds Accessories Limited's board approved granting 1,30,000 employee stock options under its 2026 ESOP Scheme with a discounted exercise price of INR 334.90 per option.
The options represent entitlement to an equivalent number of equity shares with a face value of INR 5 each, priced at a 15% discount based on the closing market price of INR 394 on NSE on October 30, 2026.
The Employee Stock Option Scheme 2026 complies with SEBI regulations for share-based employee benefits, with options to vest between one to five years after grant, as determined by the Compensation Committee.
Eligible employees have up to five years after vesting to exercise their options, subject to company policies and applicable regulations. In case of resignation, exercised options must be realized within 60 days.
The maximum number of options under the Scheme may not exceed 2,97,381, representing 0.75% of the company's paid-up equity capital on a fully diluted basis after the ESOP.
The ESOP Scheme options will be directly issued by the company upon exercise, with shares freely transferable after issuance, subject to applicable laws and company policies.
Highlights
- 1,30,000 employee stock options granted on October 31, 2026
- Exercise price set at INR 334.90 per option, a 15% discount on market price
- Options represent equivalent equity shares with INR 5 face value each
- Vesting period ranges from one to five years as defined by the Compensation Committee
- Maximum of 2,97,381 options under the 2026 ESOP Scheme, conforming to SEBI regulations
- Five-year exercise window post vesting, with special provisions for resigned employees
Key Data Snapshot
What happened
- Studds Accessories Limited granted 1,30,000 employee stock options on October 31, 2026 under its ESOP Scheme 2026.
- The options will convert into equity shares upon exercise at an exercise price of INR 334.90 per option.
- This price reflects a 15% discount from the closing market price of INR 394 on October 30, 2026.
Key details
- Each option converts to one equity share of INR 5 face value, subject to adjustments due to any corporate actions.
- The ESOP Scheme complies with SEBI Share Based Employee Benefits Regulations, 2021.
- Options will vest as per schedule set by the Compensation Committee with a vesting period between one to five years.
- Employees may exercise vested options within five years, and have 60 days post-resignation to exercise any vested options if they leave the company.
- The ESOP Scheme's maximum total options outstanding shall not exceed 0.75% of the company’s paid-up equity post-ESOP on a fully diluted basis.
Regulatory and governance context
- The grant follows approval by both the Board of Directors and the Nomination & Remuneration (Compensation) Committee on October 31, 2026.
- The option grant and scheme comply with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and relevant circulars.
- The detailed terms and full ESOP Scheme document will be available on the company website at www.studds.com under the Investor Relations section.
Highlights
- 1,30,000 employee stock options granted on October 31, 2026
- Exercise price set at INR 334.90 per option, a 15% discount on market price
- Options represent equivalent equity shares with INR 5 face value each
- Vesting period ranges from one to five years as defined by the Compensation Committee
- Maximum of 2,97,381 options under the 2026 ESOP Scheme, conforming to SEBI regulations
- Five-year exercise window post vesting, with special provisions for resigned employees
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
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