Hindustan Unilever Approves Grant of 2.69 Lakh Stock Options
New Delhi: Hindustan Unilever Limited (HUL) has approved the grant of 2,69,514 stock options to eligible employees under the HUL Performance Share Plan Scheme 2024, the company informed stock exchanges on March 16, 2026.
The approval was granted by the company’s Nomination and Remuneration Committee through a circular resolution dated March 15, 2026. The move aims to reward and retain employees while aligning their interests with the long-term performance of the company.
Disclosure Made for Shareholder Transparency
In its regulatory filing to both the BSE Limited and the National Stock Exchange of India, the company clarified that the grant of stock options under the HUL Performance Share Plan Scheme 2024 does not qualify as a material event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
However, the disclosure has been made to ensure transparency and keep shareholders informed about the company’s employee incentive initiatives.
Objective of the Performance Share Plan
Employee stock option plans (ESOPs) are widely used by companies to encourage long-term commitment and enhance employee engagement. Through the Performance Share Plan Scheme 2024, Hindustan Unilever seeks to link employee rewards with the company’s growth and performance.
The stock options will be granted to selected employees based on eligibility criteria defined under the scheme.
Filing Submitted to Stock Exchanges
The official communication regarding the stock option grant was signed by Radhika Shah, Company Secretary and Compliance Officer of Hindustan Unilever Limited.
The filing was submitted to the corporate relationship department of BSE and the listing department of NSE for record and public disclosure.
Hindustan Unilever remains one of India’s leading fast-moving consumer goods (FMCG) companies, and such employee-focused incentive programs are part of its broader strategy to maintain a strong and motivated workforce while sustaining long-term business growth.