Devyani International Limited has informed the Exchange about Options to purchase securities
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The Nomination and Remuneration Committee has approved the grant of 426,300 stock options to eligible employees under ESOP 2021. Each stock option entitles the holder to purchase one fully paid-up equity share of face value Rs. 1/- at an exercise price of Rs. 103.50 per option. The options will vest after a minimum period of one year from the grant date, and can be exercised within 5 years from the date of vesting. The scheme is compliant with SEBI (SBEB) Regulations, 2021, and there is no lock-in period on shares arising from exercise of these options.
The grant represents modest potential share dilution spread over several years as options vest and are exercised. This is a standard employee retention mechanism and is unlikely to have immediate impact on the stock price.