Apollo Tyres Limited has granted 26,69,181 employee stock options under the Apollo Tyres Limited Employees Stock Option Scheme – 2025.
The grant was approved at a meeting of the Nomination and Remuneration Committee held on May 20, 2025, which concluded at 4:30 PM.
These options are convertible into an equal number of equity shares of the company with a face value of Re. 1 each.
The options are granted to employees of the company and its subsidiary companies, both in India and outside India.
The exercise price for these options is ₹ 450 per option.
After vesting, options can be exercised either wholly or partly within a maximum of 3 years from the date of respective vesting.
The scheme will be implemented through a Trust, which shall acquire the existing shares by way of Secondary Acquisition from the Market.
The maximum number of options that may be granted pursuant to this Scheme shall not exceed 1,27,00,000 (One Crore Twenty-Seven Lakhs) Options which shall be convertible into equal number of Shares i.e. 1,27,00,000 (One Crore Twenty -Seven Lakhs) Equity Shares of the Company.
Vesting Period shall commence from the Grant Date, subject to minimum of 1 (One) year from the Grant Date and to a maximum of 4 (Four) years from the Grant Date.