Shoppers Stop Limited has informed the Exchange regarding Exercise of 7457 Options.
SHOPERSTOP · price
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Shoppers Stop has informed the stock exchanges that its Nomination, Remuneration Committee approved the vesting of 7,457 Restricted Stock Units (RSUs) for eligible employees under the Shoppers Stop Limited Employee Stock Option Plan 2022. The RSUs will vest in two tranches: 2,641 RSUs on July 25, 2025 and 4,816 RSUs on January 23, 2026. The exercise price is fixed at Rs. 5 per RSU (same as face value), and employees have two years from the vesting date to exercise them. The scheme is compliant with SEBI's Share Based Employee Benefits Regulations, 2021.
This is a routine ESOP vesting disclosure with negligible dilution impact (only 7,457 shares at Rs. 5 exercise price). No material effect expected on share price or shareholder value.