Intimation of exercise of 26,72,000 Stock Options and consequent allotment of 26,72,000 Equity Shares under Vishal Mega Mart Employees Stock Options Plan 2019
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Vishal Mega Mart Limited announced that 26,72,000 stock options were exercised by eligible employees under the 2019 ESOP plan. The company allotted 26,72,000 equity shares of Rs. 10 face value each, with 2,04,000 shares at Rs. 15 exercise price and 24,68,000 shares at Rs. 35 exercise price. The total money realized from the exercise was Rs. 8,94,40,000 (approximately Rs. 89.44 million). Following the allotment on May 18, 2026, the company's paid-up share capital increased from Rs. 4,673.23 crore to Rs. 4,675.90 crore. The newly allotted shares rank pari passu with existing equity shares.
This is a routine ESOP exercise with minimal dilution of approximately 0.06% to existing shareholders. The impact on the stock price is expected to be negligible as this is an internal employee benefit scheme.