Minda Corporation announces employee stock option grants

Minda Corporation Limited announced on December 20, 2025, that its Nomination and Remuneration Committee approved the grant of employee stock options under the "Minda Corporation Employee Stock Option Scheme 2017." The grants include 57,388 stock options effective December 20, 2025.

Additionally, the committee approved two further grants, each aggregating to a value of INR 3 Crores. The number of options for these grants will be determined based on the company's closing market price on April 1, 2026, and April 1, 2027, respectively. Each stock option is convertible into one equity share with a face value of INR 2/-.

The initial grant of 57,388 options, valued at INR 3 Crores based on a closing price of INR 522.75 per share on June 1, 2025, will vest on April 1, 2028, and can be exercised within one year from vesting. The subsequent two ESOPs, each worth INR 3 Crores, will also vest on April 1, 2028, with a one-year exercise window from vesting.