Bajaj Auto Revises Exercise Price Of Options Issued Under 2019 ESOP
By Ankur Chandra | Published at: Jun 16, 2025 08:42 PM IST
Pune, June 16, 2025—Bajaj Auto Ltd (BSE: 532977, NSE: BAJAJ-AUTO) has slightly revised the exercise price for the sixth tranche of employee stock options under its ongoing Employee Stock Option Scheme 2019 (BAL-ESOS 2019). As per the notification, the company will now provide 3,80,048 stock options at an updated exercise price of ₹8,849 per option (closing price of May 28, 2025).
This is in continuation of its earlier announcement dated May 29, 2025. The updated price reflects the closing market price of Bajaj Auto shares on May 28, 2025, aligning with SEBI’s pricing norms.
Bajaj Auto’s share price closed after rising 0.65% (reaching ₹8,538.00 per share).
Key Details of the Revised Grant
| Particulars | Details |
|---|---|
| Number of Options Granted | 3,80,048 |
| Exercise Price | ₹8,849 per option |
| Face Value per Share | ₹10 |
| Conversion Ratio | 1 option = 1 equity share |
| Date of Grant | May 29, 2025 |
Option Terms and Vesting Schedule
| Term | Description |
|---|---|
| Vesting Period | Not earlier than 1 year and up to 10 years from the date of grant |
| Exercise Period | 5 years from the respective vesting date |
| Pricing Formula | Closing market price as per SEBI (SBEB) Regulations, 2014 & 2021 |
This grant is per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI’s guidelines under the Share Based Employee Benefits Regulations (SBEB), 2014 and 2021.
Regulatory Compliance
The issuance is a routine part of Bajaj Auto’s long-term employee retention and incentive strategy. It complies with applicable regulations without triggering any shareholder dilution thresholds requiring additional approvals under SEBI norms.
About the Company
Bajaj Auto Limited, headquartered in Pune and listed on BSE and NSE, is India’s leading two- and three-wheeler manufacturer. It is part of the Bajaj Group and exports to over 70 countries, making it one of the most globally recognized Indian automotive brands. The company continues to focus on innovation, premium product launches, and expanding its EV footprint under its Pulsar, Dominar, and Chetak brands.
REF: https://nsearchives.nseindia.com/corporate/lkwalimbe_bajajauto_co_in_16062025150357_Revised_ESOP_31_March_2025.pdf
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