Jubilant Foodworks Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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Jubilant Foodworks' board has approved a new ESOP scheme called 'JFL Employees Stock Option Scheme 2025' to grant up to 50 lakh (50,00,000) stock options, convertible into equivalent equity shares. This represents 0.76% of the company's paid-up share capital as of June 30, 2025. The exercise price will be between the face value of shares and 50% of the market price on the grant date, and options must be exercised within 5 years of vesting. The scheme is subject to shareholder approval and complies with SEBI's Share Based Employee Benefits Regulations, 2021. Additionally, the board approved increasing the managerial remuneration limit for CEO and MD Sameer Khetarpal to up to 10% of net profits for the remainder of his tenure (up to September 4, 2027), specifically to enable him to exercise his ESOPs.
The new ESOP scheme will result in a minor dilution of 0.76% to existing shareholders once exercised, but is designed to align employee interests with long-term shareholder value creation. The increase in CEO remuneration tied to ESOP exercise is a common practice and not a cash outflow concern. Overall, this is a routine employee incentive announcement with limited impact on stock price, though it signals the company's intent to retain and motivate key talent.