Insolation Energy's committee approved granting 23,000 employee stock options at an exercise price of Rs. 3.80 each.

These options are part of the total 2 Cr options available under the ESOP 2024 plan.

The number of options adjusted from 2,300 to 23,000 due to a share split (Rs. 10 to Rs. 1). Additionally, 47,500 previously granted options were cancelled.

This move aims to motivate high-performing employees, act as a retention tool, and align their efforts with long-term value creation for the company and its shareholders.