VIP Industries Limited has informed the Exchange that the Nomination and Remuneration Committee of the Company at its meeting held today i.e. March 10, 2026, has approved the grant of 1,80,000 Employee Stock Appreciation Rights ( ESARs ) to the eligible employees under the VIP Employees Stock Appreciation Rights Plan 2018.
VIPIND · price
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VIP Industries has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 1,80,000 Employee Stock Appreciation Rights (ESARs) to eligible employees on March 10, 2026. The ESARs are issued under the VIP Employees Stock Appreciation Rights Plan 2018, which is compliant with SEBI's Share Based Employee Benefits Regulations 2021. The exercise price has been set at Rs. 388 per share, and vested ESARs can be exercised within 5 years of vesting. The total pool of shares covered under the plan stands at not more than 17,06,587 equity shares, of which 16,19,000 ESARs from earlier grants have already vested.
This is a routine employee incentive grant and is likely to have a mild dilutive effect over time, but the size is small relative to the overall ESAR pool. It signals ongoing retention efforts but is unlikely to materially move the stock price in the short term.