Asian Energy Services grants 800,000 employee stock options under 2025 plan

Asian Energy Services Limited (AESL) has approved the grant of 800,000 employee stock options under its AESL ESOP 2025 plan. This follows a recommendation from the ESOP Compensation Committee and board approval on October 7, 2025. The grants comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the scheme received in-principle approvals from the National Stock Exchange of India and BSE Limited on August 14, 2025.

The total grant covers 800,000 equity shares, each with a face value of INR 10/-. The exercise price is INR 10/- per option for 380,500 options, and INR 200/- per option for the remaining 419,500 options. Vested options can be exercised in one or more tranches within a maximum of five years from the vesting date.

The AESL ESOP 2025 scheme is administered by the EC Committee of the company. Options granted to eligible employees will vest according to specified periods and conditions in the grant letter, with a minimum one-year vesting period. Equity shares arising from the exercise will rank pari passu with existing equity shares, and there is no lock-in period.