Jindal Steel Grants 80,695 Stock Options Under Employee Benefit Scheme
Mumbai, February 13, 2026: Jindal Steel Limited today announced that its Nomination and Remuneration Committee (NRC) approved the grant of stock options to eligible employees under the Jindal Steel Employee Benefit Scheme – 2022.
The NRC meeting, held on February 13, 2026, commenced at 10:00 a.m. IST and concluded at 12:50 p.m. IST. The decision covers employees of the company and its subsidiaries.
Details of Grants
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Grant I: 66,340 options granted with 100% one-time vesting after one year. Each option can be converted into one equity share of face value ₹1, with an exercise price of face value + 50% of market price. Options can be exercised for a maximum of five years from vesting.
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Grant II: 14,355 options granted with vesting over five years in tranches of 20% per year. Each option is convertible into one equity share of face value ₹1, at face value + 50% of market price. Options can be exercised for up to five years from vesting.
The scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and is administered by the NRC. Shares arising from the exercise of options will be freely transferable and not subject to any lock-in, except as required by applicable laws.
No options have been exercised yet, and the grants are intended to align employee interests with long-term company performance.