Jindal Steel Limited announced that its Nomination and Remuneration Committee (NRC) has approved the grant of stock options to eligible employees under the Jindal Steel Employee Benefit Scheme – 2022. The meeting was held on Saturday, December 20, 2025, and concluded between 10:00 a.m. and 11:20 a.m. IST. Under Grant I of the scheme, a total of 5,71,909 stock options were granted, with each option convertible into one equity share of the company. These options will vest over 5 years in tranches of 20% each, and can be exercised within a maximum of 5 years from the date of vesting. The pricing formula is Face Value + 50% of Market Price. Additionally, under Grant II, 25,030 stock options were granted. These options have a 100% one-time vesting one year after the grant and can also be exercised within a maximum of 5 years from the vesting date, with the same pricing formula. The scheme is administered by the NRC and is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.