Mumbai : ACME Solar Holdings Limited (NSE: ACMESOLAR; BSE: 544283) has approved the grant of 116,788 employee stock options (ESOPs) to eligible employees under its ACME Employee Stock Option Plan 2024. The options have an exercise price of ₹2 per option and will vest over a period of four years in accordance with the approved vesting schedule.
The decision was taken by the company’s Board of Directors on the recommendation of the Nomination and Remuneration Committee. The company disclosed the development to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
The grant is intended to provide eligible employees with an opportunity to participate in the company’s equity ownership, subject to the terms and conditions of the ESOP scheme.
Key Details of the ESOP Grant
The company has outlined the following key terms for the employee stock option grant:
- Company: ACME Solar Holdings Limited
- Total ESOPs granted: 116,788
- Plan: ACME Employee Stock Option Plan 2024
- Exercise price: ₹2 per option
- Equity shares per option: One
- Face value per equity share: ₹2
- Vesting period: Minimum one year and maximum four years from the grant date
- Vesting schedule: 25% annually over four years
- Exercise period: Up to five years from the date of vesting, while the employee remains in employment, as specified in the announcement.
Each ESOP, upon valid exercise, entitles the holder to receive one equity share of ACME Solar Holdings Limited with a face value of ₹2, subject to the scheme’s applicable terms.
ESOPs to Vest Over Four Years
Under the approved vesting schedule, the stock options will vest in four equal annual instalments, with 25% of the grant scheduled to vest each year.
Assuming the entire grant is allocated under this four-year schedule, the indicative distribution would be: Vesting year Percentage Approximate number of options Year 1 25% 29,197 Year 2 25% 29,197 Year 3 25% 29,197 Year 4 25% 29,197 Total100%116,788
Note: The figures above are indicative. Actual vesting allocations may vary slightly due to rounding and the individual grants made to eligible employees.
The vesting structure is designed to link employee participation in the scheme to continued service over the specified period, subject to the applicable plan conditions.
Exercise Price Fixed at ₹2 per Option
The exercise price for the newly granted options has been set at ₹2 per ESOP. Each option can be exercised to obtain one equity share with a face value of ₹2.
The exercise price is the amount an eligible employee must pay to exercise an option and acquire the corresponding share, subject to the scheme’s terms.
However, the exercise price should not be confused with the market price of the company’s shares. The actual economic value of an ESOP depends on factors such as the prevailing market price when the options become exercisable, the applicable conditions, and any relevant tax implications.
The announcement does not, by itself, establish the market value or potential financial benefit of the options for individual employees.
Exercise Period of Up to Five Years
According to the disclosed terms, the exercise period extends up to a maximum of five years from the date of vesting, while the employee remains in employment, subject to the scheme’s provisions.
Vesting and exercise are separate stages in an employee stock option plan. Vesting refers to the point at which the employee earns the right to exercise the options under the applicable conditions. Exercise involves using that right to acquire the underlying equity shares by paying the specified exercise price.
Employees will therefore need to comply with the plan’s requirements and applicable timelines to benefit from the options granted to them.
Compliance with SEBI Regulations
ACME Solar Holdings stated that the grant is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The company also made the relevant information available on its official website and disclosed the decision to the stock exchanges under Regulation 30 of the SEBI LODR framework.
Such disclosures help investors and other stakeholders remain informed about corporate decisions that may be relevant to employee compensation, share-based incentives, and the company’s equity structure.
What the ESOP Grant Means for Employees and Investors
For eligible employees, the ESOP grant provides an opportunity to acquire equity shares in the company at the specified exercise price, subject to vesting, exercise, and other scheme conditions.
For investors, the grant is relevant as part of the company’s employee compensation framework. The eventual exercise of options may result in the issuance of equity shares, depending on the scheme’s structure and applicable corporate procedures.
The grant of 116,788 options alone does not establish the extent of any potential dilution. Assessing that impact would require information about the company’s total outstanding equity shares, the number of options already outstanding, and the number of options ultimately exercised.
Conclusion
ACME Solar Holdings Limited has approved 116,788 employee stock options under its ESOP Plan 2024, with an exercise price of ₹2 per option and a vesting schedule spread across four years.
The grant establishes a structured framework for eligible employees to participate in the company’s equity ownership, subject to the terms of the plan. The disclosure also reflects the company’s use of share-based incentives within the applicable SEBI regulatory framework.
Source: Official intimation by ACME Solar Holdings Limited dated October 10, 2026, under Regulation 30 of the SEBI LODR Regulations, as provided in the original report.
