Godrej Properties Approves 29,371 Stock Option Grants and Notes Lapse of 3,418 Stock Grants Under GPL ESGS

Employee Stock Grant Program Update

Godrej Properties Limited's Nomination and Remuneration Committee, at its meeting on May 04, 2026, approved the grant of 29,371 stock options to eligible employees under the GPL ESGS at an exercise price of ₹5 per option, with each option entitling the holder to one equity share of face value ₹5.

Grant Terms and Vesting Schedule

The options vest over three years and are exercisable within one month from the date of vesting. These grants comply with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The GPL ESOP Trust administers the scheme, which notably excludes promoters and directors. The structure aligns with the company's established Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS).

Lapsed Grants Recorded

The Committee also noted the lapse of 3,418 stock grants under the GPL ESGS, after which the concerned employee loses all rights to the lapsed grants. Recording the lapse of previously issued grants is part of the standard administration of the scheme, as employees may leave the organization or fail to meet vesting conditions.

Regulatory Filing

The disclosures were filed pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Context on Employee Compensation

During the financial year ended March 31, 2025, the Company issued and allotted 22,017 equity shares of Rs 5 each to its eligible employees on exercise of options granted under the Godrej Properties Limited Employee Stock Option Scheme, 2011. The ongoing grant program reflects the company's approach to linking employee compensation with long-term organizational performance.