KPI Green Energy Limited granted 26,261 stock options to an eligible employee under its ESOP 2023 scheme at a meeting of its Nomination and Remuneration Committee held on May 15, 2026. The options carry an exercise price of Rs. 35/- per share, with each option convertible into one equity share of face value Rs. 5/-. All options are set to vest at the end of one year from the grant date and must be exercised within three months of vesting. The grant is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and was disclosed to stock exchanges under Regulation 30 of the SEBI Listing Regulations.

KPI Green Energy Grants 26,261 Stock Options to Eligible Employee Under ESOP 2023

2 min read Updated on 15 May 2026, 01:48 PM

AI Summary

KPI Green Energy Limited granted 26,261 stock options to an eligible employee under its ESOP 2023 scheme at a meeting of its Nomination and Remuneration Committee held on May 15, 2026. The options carry an exercise price of Rs. 35/- per share, with each option convertible into one equity share of face value Rs. 5/-. All options are set to vest at the end of one year from the grant date and must be exercised within three months of vesting. The grant is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and was disclosed to stock exchanges under Regulation 30 of the SEBI Listing Regulations.

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KPI Green Energy Limited's Nomination and Remuneration Committee (Compensation Committee) of the Board of Directors approved the grant of 26,261 (Twenty Six Thousand Two Hundred Sixty One) stock options to an eligible employee of the company at its meeting held on May 15, 2026. The grant has been made under the KPI Green Energy Limited Employee Stock Option Plan 2023 ("KPI Green – ESOP 2023") and is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The intimation was filed with stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Stock Option Grant

The following table summarises the key parameters of the stock option grant as disclosed by the company:

Parameter: Details Number of Options Granted: 26,261 (Twenty Six Thousand Two Hundred Sixty One) Equity Shares Covered: 26,261 equity shares Face Value per Share: Rs. 5/- each Exercise Price: Rs. 35/- per share Vesting Date: At the end of 1st year from the Date of Grant Options Vesting at End of Year 1: 26,261 Exercise Period: Within three months from the date of vesting Minimum Vesting Period: 1 year Maximum Vesting Period: 5 years from the date of grant

Vesting and Exercise Terms

All 26,261 stock options granted are subject to a minimum vesting period of one year and are scheduled to vest entirely at the end of the first year from the date of grant. Upon vesting, the eligible employee may exercise the options in whole or in part within a period of three months from the date of vesting. Any options not exercised within the exercise period shall lapse, and the employee shall have no right over such lapsed or cancelled options.

Significant Terms and Conditions

The key terms governing the stock options are as follows:

Each stock option, upon exercise, converts into 1 (One) equity share of the company with a face value of Rs. 5/-.

Shares issued upon exercise of options shall be freely transferable and shall not be subject to any lock-in period after exercise.

Vesting of options may occur in one or more tranches, with a minimum vesting period of one year and a maximum vesting period not exceeding five years from the date of grant.

Options not exercised within the exercise period shall lapse, with no residual rights for the employee over such options.

Regulatory Compliance

The grant has been made in adherence to the SEBI Master Circular dated January 30, 2026, bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued by the Securities and Exchange Board of India. The detailed disclosure (Annexure – A) was submitted to BSE Limited and the National Stock Exchange of India Limited as required under applicable regulations. The intimation was signed by Krunal Bhatt, Company Secretary and Compliance Officer of KPI Green Energy Limited.

Historical Stock Returns for KPI Green Energy

1 Day5 Days1 Month6 Months1 Year5 Years-0.60%-13.04%+1.77%-9.54%-2.85%+2,915.63%

How might KPI Green Energy's ESOP 2023 program evolve in future grant cycles to attract and retain senior talent as the company scales its renewable energy capacity?

Given the relatively low exercise price of Rs. 35 per share compared to market valuations, what impact could the eventual exercise of these options have on KPI Green Energy's equity dilution and earnings per share?

Will KPI Green Energy expand its ESOP 2023 pool to cover a broader set of employees as competition for skilled talent in India's green energy sector intensifies?

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