Please find attached disclosure
SHOPERSTOP · price
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Shoppers Stop's Nomination, Remuneration & Corporate Governance Committee approved three ESOP-related items on May 5, 2026. First, 7,417 equity shares of Rs.5 each were allotted to employees who exercised their vested options under the SSL Plan 2022, taking total share capital to Rs.55.06 crore across 11.01 crore shares. Second, the committee granted 1,49,772 ESOPs (exercise price Rs.365) and 74,886 RSUs (exercise price Rs.5) to eligible employees, vesting over 4 years. Third, 89,221 RSUs vested on various dates. The company clarified the allotment is not material in nature. ESOPs vest at 25% annually over 4 years, while RSUs vest 15%, 35%, and 50% across years 2-4, with a 2-year exercise window from vesting.
This is a routine, non-material disclosure. The share dilution from 7,417 newly allotted shares is minimal. ESOP and RSU grants align employee and shareholder interests but have negligible near-term impact on stock price or EPS given the small quantity.