InterGlobe Aviation, the parent company of IndiGo, has approved the grant of 50,141 performance stock options under its Employees Stock Option Scheme (ESOS) 2023.
The company’s Nomination and Remuneration Committee sanctioned this decision to reward employees based on their performance metrics.
The stock options will take effect from April 1, 2025, aligning with SEBI regulations and reflecting IndiGo’s commitment to recognizing and incentivizing employee contributions.
Details of the Indigo Stock Option Scheme
The Employees Stock Option Scheme 2023 is designed to provide eligible employees with the opportunity to own equity in the company, fostering a sense of ownership and alignment with IndiGo’s long-term goals.
The company grants performance stock options based on specific criteria, including individual and team performance, contribution to organizational success, and adherence to company values.
The grant of 50,141 stock options represents a significant step in IndiGo’s efforts to attract, retain, and motivate top talent.
By offering equity-based incentives, the company aims to strengthen employee engagement and drive a culture of excellence.
Alignment with SEBI Regulations
The approval of the stock options complies with Securities and Exchange Board of India (SEBI) regulations.
It ensures transparency and adherence to guidelines in the implementation of the ESOS.
SEBI’s guidelines require companies to disclose the specifics of stock option schemes. These include the number of options granted, eligibility criteria, and vesting conditions.
IndiGo’s adherence to these regulations reflects its commitment to maintaining high standards of corporate governance.
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