Shoppers Stop Limited has informed the Exchange regarding Exercise of 89221 Options.
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 of Rs. 5 each were allotted to employees who exercised their vested stock options, increasing total share capital to Rs. 55.06 crore across 11.01 crore shares. Second, the company granted 1,49,772 ESOPs (exercise price Rs. 365 per option) and 74,886 RSUs (Rs. 5 per unit) to eligible employees, totalling 2,24,658 stock options. Third, 89,221 RSUs were vested to employees under the SSL Plan 2022. The company clarified that the share allotment is not material in nature. ESOPs vest over 4 years at 25% per year, while RSUs vest over 3 years (15%, 35%, 50%) subject to continued employment and performance criteria.
This is a routine employee compensation disclosure with minimal impact on stock price. The dilution from 7,417 newly allotted shares is negligible (less than 0.01% of total shares). The larger grant of 2.25 lakh options and vesting of 89,221 RSUs represents future potential dilution but is standard ESOP activity.