Please find attached disclosure
SHOPERSTOP · price
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Shoppers Stop's Nomination, Remuneration & Corporate Governance Committee approved three ESOP-related actions on May 5, 2026. First, 7,417 equity shares were allotted to employees who exercised vested stock options at Rs. 5 per share (face value with no premium), increasing total shares to 11,01,24,746. Second, the committee granted 1,49,772 ESOPs at Rs. 365 exercise price and 74,886 RSUs at Rs. 5 exercise price to eligible employees. Third, 89,221 RSUs were vested with a two-year exercise window. The company clarified this allotment is not material in nature. ESOPs vest over 4 years (25% annually) while RSUs vest over 2-4 years based on performance criteria.
Minimal impact on shareholders as the company explicitly stated the share allotment is not material. However, future grant of 2,24,658 new options and vesting of 89,221 RSUs will have marginal dilution effect when exercised.