Avenue Supermarts Limited has informed the Exchange about Vesting of stock options under Avenue Supermarts Limited Employee Stock Option Scheme, 2016
DMART · price
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Avenue Supermarts (DMart) has approved the vesting of 15,12,909 stock options to eligible employees under its ESOP Scheme 2016, with each option exercisable at Rs. 299 per share (the IPO fresh issue price) on or before 13th June, 2026. These options were originally granted on 14th March, 2017 as part of a 27,72,525 option pool with a 9-year vesting period. Out of the original grant, 10,10,175 options have lapsed due to employee resignations and 2,45,841 were cancelled on performance grounds. The scheme is compliant with SEBI's Share Based Employee Benefits Regulations, 2021. The exercise of these options will result in fresh equity share issuance, leading to some dilution for existing shareholders.
This is a routine ESOP vesting disclosure and not material to the stock price. Potential dilution from 15,12,909 new shares is minor relative to DMart's overall share base. No immediate action needed from shareholders.