Grant of stock options
Awaiting price reaction for this filing.
Devyani International's Nomination and Remuneration Committee approved the grant of 3,90,200 stock options to eligible employees under the company's ESOP 2021 scheme on May 23, 2025. Each option is convertible into one equity share of Re. 1 face value, at an exercise price of Rs. 147.60 per option. There is a minimum one-year gap between grant and vesting, and vested options must be exercised within 5 years. Shares issued on exercise will rank equally with existing equity shares and carry no lock-in. This is a routine ESOP grant disclosure required under SEBI listing rules and does not involve any new capital raising from the public.
This is a minor dilution event for existing shareholders, as 3,90,200 new shares could eventually be issued upon exercise. The impact on share price is likely negligible since the size is small relative to Devyani's overall share base. It's a normal employee incentive move and not a signal of any corporate stress or windfall.