Borosil Renewable Grants ESOPs To Eligible Employees

Borosil Renewable has granted ESOPs to eligible employees. As per a regulatory filing with the stock exchange, the company has issued has granted 11,996 equity shares to its employees.  

The objective of the ESOP scheme is to reward the employees of the company for their performance and to motivate them to contribute to the growth and profitability of the company. The company also intends to use this mechanism to retain talent in the organization. 

Companies like Borosil view Employee Stock Options as instruments that would enable the employees to share the value they create for the organisation and align individual objectives of employees with the goal of the company in the years to come.