Azad Engineering Ltd

Azad Engineering Grants 80,000 ESOPs to Employees 📈

• 80,000 employee stock options granted under 'Azad ESOP Scheme 2024'.

• Exercise price: INR 1,050 per share (face value INR 2 per equity share).

• Vesting period: 1 year from grant date; exercisable within 1 year after vesting.

• Total shareholder-approved ESOP limit: 1,182,259 options; this grant stays within limit.

• No lock-in periods for shares from exercised options.