Grant of stock options under Avenue Supermarts Limited Employee Stock Option Scheme 2023
DMART · price
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Avenue Supermarts (DMART) has granted 50,000 stock options to one eligible employee under the ESOP Scheme 2023, as approved by the Nomination and Remuneration Committee on 2nd May 2026. The options are split into two categories: Class A vesting on 1st September 2032 and Class B vesting on 1st September 2029, both subject to the employee meeting performance parameters. The exercise price is Rs. 4,080 per option, and vested options can be exercised within 3 months of vesting. This grant is part of a broader shareholder-approved ESOP scheme allowing up to 1,500,000 options; previous grants of 1,237,250 (September 2023) and 125,000 (January 2024) have already been made under this scheme.
The grant is routine and has negligible shareholding dilution impact given only 50,000 options. The long vesting period (2029–2032) suggests the company is using equity compensation for long-term employee retention and alignment with business growth.