VSSL grants 7.6 lakh stock options to 73 employees under ESOP Plan 2025
VSSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Nomination and Remuneration Committee of Vardhman Special Steels approved grant of 7 lakh 60 thousand Employee Stock Options to 73 employees under VSSL ESOP Plan 2025. This is the first grant under the plan. Exercise price is Rs. 200 per share of face value Rs. 10. Options vest in four equal tranches of 25 percent at the end of years 2, 3, 4 and 5 from the grant date, with a 2 year window to exercise after each vesting. The scheme complies with SEBI SBEB Regulations 2021.
Minor future equity dilution of under 1 percent spread over 5 years. Signals management push to retain talent by linking rewards to share price.