Headline: Everest Industries Grants Stock Options Under ESOS-2021

In a strategic move to reward its workforce, Everest Industries Limited has granted 80,000 stock options to selected employees under its Employees Stock Option Scheme - 2021 (ESOS-2021). The announcement was made on October 29, 2025, following a meeting of the company's Nomination and Remuneration Committee.

These stock options come with an exercise price of ₹595 per option, which aligns with the pricing formula established in the ESOS-2021 guidelines. This price is based on the average closing price of the company’s shares over the two weeks preceding the grant date, ensuring a fair valuation for employees.

The total number of shares covered by this grant is 80,000 equity shares, each with a face value of ₹10. The options will vest over three years, with 20% vesting after one year, 30% after two years, and the remaining 50% after three years. Employees will have a four-year exercise period following the vesting period to convert their options into equity shares. Importantly, the shares acquired will not be subject to lock-in restrictions, providing employees with flexibility in managing their assets.

Everest Industries has previously received in-principle approval for 1,000,000 shares under the ESOS-2021 from both the National Stock Exchange of India and BSE Limited, reinforcing the company's commitment to employee engagement and retention.

This move not only incentivizes employee performance but also aligns their interests with the long-term growth of the company. For more updates on Everest Industries and other corporate financial news, stay tuned to Smart Finance Saga.