SEBI has clarified that employees exercising ESOPs at listed companies can pledge the shares to raise funds even during trading window closures. The move aims to support genuine financing needs for exercising vested options, offering regulatory comfort for such trades. But the change does not remove contra-trade restrictions for lenders who later invoke the pledged shares.
Delhivery has granted over 1 lakh stock options to employees under its ESOP 2012, effective May 1. The options can be exercised at Re 1 and vest over four years, with an initial tranche after 12 months followed by remaining vesting phases. The plan is designed to retain talent by tying rewards to equity and long-term wealth creation.
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Infosys has approved about ₹52 crore in performance-linked ESOPs for CEO Salil Parekh, including grants tied to ESG and Total Shareholder Return. The units will vest over 1–2 years based on milestones. The move comes while FY27 employee salary hikes remain undecided, as management cites a low-growth environment and pressure on discretionary spending.
Fintech platform Groww has granted 24.32 lakh employee stock options worth about Rs 51 crore, following a standout Q4 FY26. The company reported an 87% jump in revenue and a more than doubling of net profit. With a lean team, Groww is also leaning into AI to speed up product development, signaling ambitious growth plans.
Rajeev Jain, Managing Director of Bajaj Finance, topped the FY25 list of best-paid NBFC CEOs with a package exceeding Rs 65 crore, including ESOPs valued at around Rs 40 crore. Arvind Kapil of Poonawalla Fincorp ranked second. Among bankers, HDFC Bank’s Sashidhar Jagdishan led with pay above Rs 12 crore.
The Finance Minister has updated the Companies Act to modernise executive pay rules. Companies can now recognise employee reward instruments like restricted stock units and stock appreciation rights, moving beyond the traditional ESOP model. The shift is designed to give firms more flexibility to attract and retain talent, while aligning pay structures with current market practices.
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Infosys’ board has approved equity-based compensation for CEO Salil Parekh worth Rs 51.75 crore, using a mix of RSUs and PSUs. The grants are linked to performance metrics and ESG targets, tying a portion of the reward to sustainability goals. The update comes alongside a reported 20.8% rise in net profit for the March 2026 quarter.
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