News ArticleWaaree Energies Grants 5,800 Employee Stock Options at Rs.10 Exercise Price Under ESOP 2021
Options will vest gradually over six years with exercisable period up to four years post-vesting
Waaree Energies Limited has approved the grant of 5,800 stock options to eligible employees under its Employee Stock Option Plan 2021. The options have a Rs.10 exercise price and vest progressively over six years, reflecting the company's ongoing employee incentive program.
Waaree Energies Limited
Corporate Action
Waaree Energies Limited announced the grant of 5,800 stock options to eligible employees under its Employee Stock Option Plan 2021, with an exercise price of Rs.10 per option.
The stock options will vest incrementally: 15% each at the end of the first four years, 20% at the end of the fifth and sixth years respectively.
Once vested, the employee stock options may be exercised within four years from their respective vesting dates.
Currently, no options have been exercised, lapsed, or cancelled under this grant.
The grant and associated terms comply with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021.
Highlights
- Total of 5,800 stock options granted to eligible employees under ESOP 2021.
- Exercise price fixed at Rs.10 per option, each option representing one equity share of Rs.10 each.
- Graduated vesting schedule spans six years with 100% vesting by the sixth year.
- Exercisable period lasts four years beyond each vesting milestone.
- No prior exercises, lapses, or variations reported for this grant.
Key Data Snapshot
What happened
- Waaree Energies approved a grant of 5,800 stock options to eligible employees under the ESOP 2021.
- The options confer rights to equity shares at a set exercise price of Rs.10 per option.
Key details
- Options will vest over six years with specific percentages vesting each year.
- Vested options can be exercised within four years from each vesting date.
- This grant fully complies with SEBI’s Share Based Employee Benefits Regulations, 2021.
Regulatory and governance context
- The grant was approved by the Nomination and Remuneration Committee of Waaree Energies’ Board of Directors.
- Disclosure made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant SEBI circulars dated January 30, 2026.
Highlights
- Total of 5,800 stock options granted to eligible employees under ESOP 2021.
- Exercise price fixed at Rs.10 per option, each option representing one equity share of Rs.10 each.
- Graduated vesting schedule spans six years with 100% vesting by the sixth year.
- Exercisable period lasts four years beyond each vesting milestone.
- No prior exercises, lapses, or variations reported for this grant.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefits) Regulations, 2021
- SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Source Information
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