V-Mart Retail Limited has informed the Exchange regarding allotment of 89713 securities pursuant to ESOP/ESPS at its meeting held on 0 ,
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V-Mart Retail's Nomination & Remuneration Committee approved the allotment of 89,713 equity shares (face value Rs. 10) to employees who exercised their options under the ESOP Scheme, 2020. Additionally, the company granted 68,195 performance-linked stock options to eligible employees at an exercise price of Rs. 312 per option. The options vest over 4 years with an exercise window of 8 years from the grant date. The total equity share capital increased from 7,94,58,289 to 7,95,48,002 shares, representing a minimal dilution of approximately 0.11%.
The share issuance is routine ESOP exercise with negligible equity dilution. No immediate impact on the stock price is expected, though it reflects management's incentive alignment with employees.