MPS awards employee stock options under 2023 scheme

MPS Limited's nomination and remuneration committee has approved the grant of 28,906 options under the 'MPS Limited-Employee Stock Options Scheme 2023' (ESOS 2023). These options, representing an equal number of equity shares, were granted at a market price of INR 1,996.90 per option, based on the closing price on the National Stock Exchange of India Limited on December 21, 2025.

The ESOS 2023 scheme aligns with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The options will vest equally over four annual vesting periods, with grantees having five years from the vesting date to exercise them. This initiative aims to motivate and reward eligible employees.