News ArticleStudds Accessories Limited Grants 1,30,000 Employee Stock Options at 15% Discount Under 2026 ESOP Scheme
Board approves ESOP grant priced at INR 334.90 per option to eligible employees on October 31, 2026, with vesting period between 1 to 5 years
Studds Accessories Limited approved the grant of 1,30,000 Employee Stock Options to eligible employees under the 2026 ESOP Scheme at an exercise price of INR 334.90, representing a 15% discount to the market price on October 30, 2026. The options vest over 1 to 5 years and can be exercised within 5 years post-vesting.
Studds Accessories Limited
Corporate Action
Studds Accessories Limited's Board and Nomination and Remuneration Committee approved on October 31, 2026, the grant of 1,30,000 employee stock options under its 2026 ESOP Scheme at an exercise price of INR 334.90 per option, representing a 15% discount to the market price on October 30, 2026.
The ESOP grant, effective October 31, 2026, covers 1,30,000 equity shares each with a face value of INR 5. Each option entitles the holder to purchase one equity share, subject to adjustments for corporate actions.
The options will vest based on a schedule determined by the Compensation Committee with a minimum vesting period of one year and a maximum of five years from the grant date.
Eligible employees can exercise vested options anytime within five years from the vesting date, subject to regulatory and company trading policies.
The ESOP Scheme is implemented through direct issuance and allotment of equity shares by the company upon exercise of options.
The total maximum number of options under the 2026 ESOP Scheme is capped at 2,97,381 options, representing 0.75% of the company's paid-up equity share capital on a fully diluted basis.
Highlights
- 1,30,000 employee stock options granted on October 31, 2026.
- Exercise price set at INR 334.90, a 15% discount to the closing market price of INR 394.00 on October 30, 2026.
- Options convertible into equity shares with face value INR 5 each.
- Vesting period ranges from 1 to 5 years from grant date.
- Options exercisable within 5 years post-vesting, with a 60-day exercise window post-resignation for good leavers.
- ESOP Scheme complies with SEBI Share Based Employee Benefits Regulations, 2021.
Key Data Snapshot
What happened
- Studds Accessories Limited granted 1,30,000 employee stock options under its 2026 ESOP Scheme.
- The options have an exercise price of INR 334.90 per option, discounted by 15% from the market price on October 30, 2026.
- The grant was approved by the Board of Directors and Nomination and Remuneration Committee on October 31, 2026.
Key details
- Each option is convertible into one equity share with face value INR 5, subject to adjustments for corporate actions.
- The ESOP Scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- Options will vest according to a schedule set by the Compensation Committee with a minimum vesting period of one year and maximum up to five years.
- Vested options must be exercised within five years from vesting date, with specific provisions for good leavers.
- The ESOP Scheme allows a maximum of 2,97,381 options representing 0.75% of total paid-up equity share capital.
Regulatory and governance context
- The ESOP Scheme and grant comply with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI SBEB Regulations, 2021.
- Grant details are disclosed pursuant to Regulation 30 and 33 of SEBI Listing Regulations and SEBI Master Circular dated January 30, 2026.
- The ESOP Scheme document is available on the company website under the Investor Relations section.
Highlights
- 1,30,000 employee stock options granted on October 31, 2026.
- Exercise price set at INR 334.90, a 15% discount to the closing market price of INR 394.00 on October 30, 2026.
- Options convertible into equity shares with face value INR 5 each.
- Vesting period ranges from 1 to 5 years from grant date.
- Options exercisable within 5 years post-vesting, with a 60-day exercise window post-resignation for good leavers.
- ESOP Scheme complies with SEBI Share Based Employee Benefits Regulations, 2021.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
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