Vishal Mega Mart Limited has informed the Exchange regarding Grant of 500000 Options.
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Vishal Mega Mart Limited has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 5,00,000 stock options to eligible employees on April 1, 2026. The options are granted under the Vishal Mega Mart Employees Stock Options Plan 2019 at an exercise price of Rs. 105 per option. Each stock option is convertible into one equity share of Rs. 10 face value, and the exercise period is 10 years from the grant date. The grant complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant and is likely to have a marginal dilutive effect on existing shareholders if all options are eventually exercised. The exercise price of Rs. 105 suggests alignment with rewarding employees contingent on future share price appreciation.