DEVYANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Devyani International's Nomination and Remuneration Committee has approved the grant of 426,300 stock options to eligible employees under ESOP 2021. Each option can be converted into one equity share with face value of Re. 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 employees can exercise them within 5 years from vesting. There is no lock-in period on shares arising from exercise, and these shares will rank pari passu with existing equity shares.
This ESOP grant aligns employee interests with shareholders and aids talent retention, which is positive for long-term growth. The dilution is minimal at 426,300 shares (~0.04% of issued capital), with no immediate impact on earnings per share since no options have been exercised or vested yet.