Patanjali Foods Limited announced the approval of “ESOP Grant IV” comprising 52,71,793 Employee Stock Options (ESOPs) under its existing ESOP Plan 2023. The effective date of this grant is February 11, 2026. The disclosure details the vesting, exercise price based on a 20% discount, and impact on diluted earnings per share, which stands at Rs. 11.86 (not annualised).
ESOP Grant IV Approval Details
Patanjali Foods Limited has officially intimated the grant of “ESOP Grant IV”, which includes 52,71,793 (Fifty Two Lakh Seventy One Thousand Seven Hundred Ninety Three) Employee Stock Options (ESOPs) to eligible employees. This action was taken by the Nomination and Remuneration Committee (NRC) of the Board of Directors.
The effective date for this specific grant is February 11, 2026. These options are granted under the PFL Employee Stock Option Plan 2023 (“ESOP 2023”), which aligns with the prevailing regulatory framework.
Key Option Metrics
The following figures summarize the status and terms related to the options:
- Total Options Granted: 52,71,793 Equity Shares.
- Face Value per Share: Rs. 2/- (Rupees Two each).
- Options Vested (as per disclosure): 5,55,765.
- Options Exercised (historically): 7,04,430.
- Options Lapsed (to date): 11,79,753 due to non-acceptance and resignation.
Pricing and Exercise Conditions
The exercise price for each option is calculated at a discount of 20% (Twenty Percentage) applied to the latest available closing price on the stock exchanges (BSE or NSE) on the last trading day preceding the grant date.
The document outlines the exercise timeline: All Options upon vesting shall be exercisable within 3 (three) years from the relevant date of vesting.
Furthermore, the impact on profitability is detailed:
- Money realized by exercise of options (historically): Rs. 81,35,36,699.88.
- Diluted earnings per share pursuant to issue of equity shares: Rs. 11.86 (not annualised).
Governance and Administration
The overall Scheme is administered directly by the NRC of the Board of Directors of the Company. The grant eligibility is strictly based on the criteria set forth in the ESOP 2023 document.
Source: BSE
