Balrampur Chini Mills grants employee stock appreciation rights

Balrampur Chini Mills Limited has announced the grant of 33,765 Employee Stock Appreciation Rights (ESARs) under the "BCML Employees Stock Appreciation Rights Plan 2023," effective December 2, 2025. Each ESAR is priced at ₹447.00.

The ESARs will vest over a period of four years. Employees will have a four-year exercise period from the date of vesting for these ESARs. The quantity of equity shares to be allotted against each ESAR will be determined in accordance with the ESAR 2023 plan.

This grant is in compliance with the SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015, and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The announcement was signed by Manoj Agarwal, company secretary and compliance officer.