Godrej Industries issues new stock options, previous grants lapse

Godrej Industries Limited, through its Nomination and Remuneration Committee, approved the grant of 832 new stock options under its Employee Stock Grant Scheme, 2011 (ESGS 2011), on November 20, 2025. These options, priced at an exercise rate of ₹1/- per option, allow eligible employees to acquire one equity share of the company with a face value of ₹1/- for each stock grant. The grants will vest over three years and can be exercised within one month of vesting or as determined by the Committee.

The company also noted the lapse of 683 stock grants previously issued under ESGS 2011. These lapsed grants pertained to eligible employees, who will no longer have any claim over them. This adjustment reflects a periodic review and update to the company's employee stock incentive program.

This announcement provides transparency on the company's equity-based compensation strategy, which aims to incentivize its workforce while adhering to regulatory frameworks. The approved grants and noted lapses are part of the ongoing management of the ESGS 2011.