Lupin grants 14,649 stock options to employees

Lupin Limited, on October 10, 2025, granted a total of 14,649 stock options to its employees and those of its subsidiaries. This action was approved by the nomination and remuneration committee of the company on the same date. The grants were made under three distinct plans: the Lupin Employees Stock Option Plan 2011, which accounted for 10,058 options, and two plans for subsidiary companies, namely the Lupin Subsidiary Companies Employees Stock Option Plan 2011 (644 options) and the Lupin Subsidiary Companies Employees Stock Option Plan 2014 (3,947 options).

Each stock option entitles the grantee to subscribe to one equity share of the company at an exercise price of ₹2.00. The vesting schedule for these stock options is structured over four years, with 25% vesting annually upon completion of one year from the grant date. This phased vesting aims to align employee interests with the company's long-term growth and performance.