JTL Industries shareholders approve new employee stock option scheme

JTL Industries Limited announced on September 23, 2025, that its shareholders approved the JTL Industries Employee Stock Option Scheme – 2025 ("Scheme") during the annual general meeting. This scheme allows for an option pool of 3,000,000 employee stock options, convertible into 3,000,000 equity shares of face value Re. 1/- each. The company plans to implement the scheme through a direct route, allotting fresh shares directly to eligible employees.

The nomination and remuneration committee will administer the Scheme, with the exercise price to be determined at the time of grant, linked to the market price. The committee retains the power to offer suitable discounts, though the exercise price will not fall below the share's face value. All options, once vested, can be exercised within a maximum period of two years from the respective vesting date, and vesting will commence one year from the grant date, extending up to four years at the committee's discretion.

Shareholders also approved the grant of options to employees of subsidiary companies, both in India and abroad, under the same JTL Industries Employee Stock Option Scheme – 2025. As of the announcement date, no grants have been made under the Scheme.