NSEOptions to purchase securities1d ago · 21 Sept 2026, 02:48 pm
Options to purchase securities
Ador Welding Limited · ADOR
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Ador Welding Limited has informed the Exchange about the vesting of 6,625 Employee Stock Options granted to eligible employees under 'Ador Employee Stock Option Plan 2025'. The options were granted on 22nd September, 2025, and will vest on 22nd September, 2026.
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Ador Welding Limited has informed the Exchange about Options to purchase securities
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ADORWELD_21092026144814_Coverletterreg30sd.pdf
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AWL/SEC/SE/2026-27/42 21st September, 2026
BSE LTD. NATIONAL STOCK EXCHANGE OF INDIA LTD.
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
1st Floor, Dalal Street, Bandra-Kurla Complex
Fort, Mumbai – 400 023 Bandra (East), Mumbai - 400 051.
Company Scrip Code: 517041 Company Symbol: ADOR
Dear Sir / Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of lndia (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 read with Schedule III, PART B of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and SEBI Master Circular No. HO/38/13/(4)2026MIRSDPOD/I/4298/2026
dated February 06, 2026, we wish to inform that the Nomination & Remuneration Committee, which has also
been designated as the Compensation Committee of the Company, at its meeting held on Monday, 21st
September,2026, approved the vesting of 6,625, Employee Stock Options granted to eligible employees of the
Company under ‘Ador Employee Stock Option Plan 2025’ effective 22nd September, 2025.
The relevant disclosure as required under Regulation 30 read with Schedule III PART B of the SEBI LODR read
with SEBI Master Circular No. HO/38/13/(4)2026MIRSDPOD/I/4298/2026 dated February 06, 2026, are
provided in Annexure A.
This intimation is also being uploaded on Company’s website and can be accessed at
https://www.adorwelding.com/events/
We hereby request you to make a note of it and acknowledge its receipt.
Thanking you,
Yours Sincerely,
For ADOR WELDING LIMITED
VINAYAK M. BHIDE
COMPANY SECRETARY
Encl.: As Above
ADOR WELDING LIMITED
Regd. & Corporate Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001 – 16, Maharashtra, India.
+91 22 6623 9300 I www.adorwelding.com
1800 233 1071 I care@adorians.com I +91 20 40706000 | CIN: L70100MH1951PLC008647
Annexure A
Details as required under Regulation 30 read with Schedule III, PART B of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ('SEBI (LODR) Regulations, 2015') read with SEBI Master Circular No.
HO/38/13/(4)2026MIRSDPOD/I/4298/2026 dated February 06, 2026, concerning the ESOP Scheme:
Sr. Particulars Details
1. Brief details of options granted
29,500 Options were granted by the Nomination and
Remuneration (Compensation) Committee to the eligible
employees under ‘Ador Employee Stock Option Plan 2025’ on 22nd
September, 2025.
2. Whether the scheme is in terms of the Yes, Ador Employee Stock Option Plan 2025 is in compliance with
Securities and Exchange Board of India Securities and Exchange Board of India (Share Based Employee
(Share Based Employee Benefits and Benefits and Sweat Equity) Regulations, 2021
Sweat Equity) Regulations, 2021 ('SBEB &
SE Regulations'), if applicable
3. Total number of shares covered by these Options Granted: 29,500 equity shares of Face value of Rs. 10/-
options (Rupees Ten) each.
Options Vested: 6,625 equity shares of Face value of Rs. 10/-
(Rupees Ten) each.
4. Pricing Formula/ Exercise Price
Exercise price determined is Rs. 10/- (Rupees Ten) per share
/option.
5. Options Vested 6,625 options shall vest on 22nd September 2026
6. Time within which options may be The exercise period shall be 3 years from the date of vesting of
exercised options.
Exercise Window for the first tranche of vested Options will be
open for a period of 30 days, commencing from Monday, 26th
October 2026 and closing on Tuesday, 24th November 2026.
7. Options exercised Not applicable at this stage
8. Money realized by exercise of Options
9. The Total number of shares arising as a
result of exercise of Option
10. Option lapsed 3000 due to resignation
11. Variation of terms of Options Nomination & Remuneration Committee, designated as the
Compensation Committee of the Company approved following
amendment in/to Ador Employee Stock Option Plan 2025:
Clause 3.3:
The maximum number of Stock Options, that may be granted to
each Employee shall vary depending upon the designation and the
appraisal / assessment process and shall not exceed 2,000 (Two
Thousand) Options per eligible Employee per grant. However, the
Compensation Committee reserves the right to decide the number
of Stock Options to be granted and the maximum number of Stock
Options that can be granted to each Employee in any tranche.
ADOR WELDING LIMITED
Regd. & Corporate Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001 – 16, Maharashtra, India.
+91 22 6623 9300 I www.adorwelding.com
1800 233 1071 I care@adorians.com I +91 20 40706000 | CIN: L70100MH1951PLC008647
Clause 8.3 (a):
On Exercise (subject to payment of Exercise Price and tax, as may
be applicable, by the Option Grantee), the number of Shares
corresponding to the number of Vested Options Exercised will be
allotted in the name of the Option Grantee, within a period of 30
(thirty) days from the date of closing of Exercise Window. The
Company shall, within 30 (thirty) days from the date of closure of
Exercise Window, arrange to issue the equity Shares to the Option
Grantee, subject to necessary regulatory approvals, if any.
12. Brief details of significant terms
The Vested Options with an Option Grantee, while in employment
with the Company, may be Exercised anytime within the Exercise
Window(s) in one or more tranches, provided it is within a period
of 3 (three) years from the date of Vesting or such other period as
may be determined by the Compensation Committee.
Detailed terms have been prescribed in the Ador Employee Stock
Option Plan 2025 available on website of Company at:
https://adorwelding.com/wp-content/uploads/2025/07/ESOP-
Scheme.pdf
13. Subsequent changes or cancellation or Not applicable at this stage
exercise of Option
14. Diluted earnings per share pursuant to
issue of equity shares on exercise of
Options
ADOR WELDING LIMITED
Regd. & Corporate Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001 – 16, Maharashtra, India.
+91 22 6623 9300 I www.adorwelding.com
1800 233 1071 I care@adorians.com I +91 20 40706000 | CIN: L70100MH1951PLC008647