UltraTech Cement grants stock options and PSUs to employees

On October 30, 2025, UltraTech Cement Limited’s nomination, remuneration and compensation committee approved the grant of 549 stock options and Performance Stock Units (PSUs) to eligible employees. This grant comprises 498 stock options and 51 PSUs, issued under the UltraTech Cement Limited Employee Stock Option and Performance Stock Unit Scheme, 2022. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The vesting period for stock options is 33% annually over three years, with the first vesting occurring after one year from the grant date. PSUs will have 100% vesting at the end of three years from the grant date. Employees can exercise these stock options within five years from their vesting date.

The exercise price for stock options is Rs. 11,999 per option, determined by the market price on October 29, 2025, in line with regulatory guidelines. PSUs have an exercise price of Rs. 10/- per PSU. This initiative aims to align employee interests with the company's performance.