Shoppers Stop Limited has informed the Exchange regarding Grant of 224658 Options.
SHOPERSTOP · price
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Shoppers Stop Limited's Nomination, Remuneration & Corporate Governance Committee approved three ESOP-related matters on May 5, 2026. First, 7,417 equity shares were allotted to employees who exercised their vested stock options, increasing total shares to 11,01,24,746. Second, the committee granted 2,24,658 stock options (1,49,772 ESOPs at Rs. 365 exercise price and 74,886 RSUs at Rs. 5 face value) to eligible employees under the SSL Plan 2022. Third, 89,221 RSUs were vested with employees. The vesting schedules vary from 2-4 years with performance conditions. The company clarified that the share allotment is not material in nature.
This is a routine employee compensation disclosure with minimal impact on stock price or shareholder value, as explicitly stated by the company. The dilution effect from the newly granted options is spread over multiple years and contingent on employee retention and performance.