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Godrej Properties informs about updates on GPL ESOP grant and lapse

04 May 2026 Evaluate

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, Godrej Properties has informed that the Nomination and Remuneration Committee (‘the Committee’) of the Board of Directors of the Company at its meeting held today, May 04, 2026, approved the following: 1. Issue of Stock grants under GPL ESGS: The Committee has approved grant of 29,371 stock options to eligible employees of the Company under the GPL ESGS, subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time at an exercise price of ?5 per option. Each stock option entitles the holder to apply for 1 Equity Share of the Company of Face Value of ?5 each. The options shall vest over a period of 3 years and are exercisable within 1 month from the date of vesting or such other period as may be determined by the Nomination and Remuneration Committee. 2. Noting of lapse of Stock Grants under GPL ESGS: The Committee has taken a note of lapse of 3,418 stock grants issued under the GPL ESGS to eligible employee. Consequent to lapse of the stock grants, the said employee shall have no right to claim any part of it. The Committee meeting commenced at 09:30 am and concluded at 10:30 am.

The above information is a part of company’s filings submitted to BSE.

Godrej Properties Share Price

1809.50 -90.30 (-4.75%)
05-May-2026 16:59 View Price Chart
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