Minda Corporation Limited has announced the grant of Employee Stock Options (ESOPs) under its "Minda Corporation Employee Stock Option Scheme 2017". The Nomination and Remuneration Committee of the company approved the grant in a meeting held on December 20, 2025. The company has granted 57,388 stock options to its employees, effective December 20, 2025. Additionally, further grants of stock options aggregating to ₹3 Crores each are planned for April 1, 2026, and April 1, 2027. The number of options for these future grants will be determined based on the closing market price of the company's shares on the respective dates. Each stock option is convertible into one equity share of face value ₹2. The exercise price for these options is set at ₹2 per option. The first tranche of 57,388 options, valued at ₹3 Crores based on a closing price of ₹522.75 per share on June 1, 2025, will vest on April 1, 2028, and can be exercised within one year from vesting. The subsequent grants, also worth ₹3 Crores each, will vest on April 1, 2028, and will also be exercisable within one year from vesting.