Shoppers Stop Limited has informed the Exchange regarding Grant of 72371 Options.
SHOPERSTOP · price
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Shoppers Stop's Nomination, Remuneration and Corporate Governance Committee approved the grant of 72,371 stock options to eligible employees on July 17, 2025, under the company's SSL Plan 2022. This includes 57,814 ESOPs at an exercise price of Rs. 528 per option (based on 6-month average market price) and 14,557 RSUs at Rs. 5 per option (face value). ESOPs will vest equally over 4 years (25% each year), while RSUs will vest from year 2 to year 4 (15%, 35%, 50%). Employees have 2 years from each vesting date to exercise their options. The grant is part of the company's existing employee incentive scheme and is subject to continued employment and performance milestones.
This is a routine employee incentive grant with a small potential dilution of up to 72,371 shares (a minor amount relative to the company's overall share base). It signals management's effort to retain and motivate employees, but is unlikely to have a material impact on the stock price.