Vedanta Aluminium Metal Limited has approved the grant of 49,65,124 stock options to eligible employees, including Key Managerial Personnel and Senior Management. These options, under the ‘VAML ESOP 2026’ plan, will vest upon completion of a performance period subject to defined conditions. Each option is convertible into one equity share of face value ₹1. The grant details were approved by the Nomination and Remuneration Committee on October 28, 2026.
Employee Stock Option Grant Approved
The Nomination and Remuneration Committee (“NRC”) of Vedanta Aluminium Metal Limited has approved a significant grant of stock options under the company’s ‘VAML ESOP 2026’ plan. A total of 49,65,124 stock options have been granted to eligible employees, encompassing Key Managerial Personnel (“KMP”) and Senior Management. This initiative aims to incentivize and retain talent by aligning employee interests with the company’s performance and growth.
Key Grant Details
The approved options are subject to vesting upon the successful completion of a specified performance period and the achievement of pre-defined performance conditions. The details of the grant, approved on October 28, 2026, include the following:
- Number of Options: 49,65,124 stock options, representing 49,65,124 equity shares.
- Vesting Schedule: Options will vest over a period of 36 months from the grant date.
- Exercise Period: Employees will have 8 months from the date of vesting to exercise their options.
- Exercise Price: The exercise price is set at the Par Value of the equity share, which is ₹1.
This scheme is in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring compliance with regulatory guidelines for employee stock options.
Source: BSE
