Devyani International Limited has announced that its Nomination and Remuneration Committee approved the grant of 4,26,300 stock options to eligible employees on May 15, 2026. Each option is convertible into one fully paid-up equity share of the company with a face value of Re. 1 each. The exercise price for these options has been set at Rs. 103.50 per share.
Stock Option Grant Details
On May 15, 2026, the company’s leadership committee finalized the issuance of 4,26,300 stock options under the existing Employees Stock Option Scheme. This move is designed to incentivize eligible staff and align employee interests with the long-term growth objectives of the organization.
Key Terms and Exercise Conditions
The grant comes with specific parameters to ensure value creation. Each stock option represents the right to acquire one equity share of the company. The exercise price has been fixed at Rs. 103.50 per option. Key provisions include:
- Vesting Period: There is a mandatory minimum period of one year between the grant date and the vesting date.
- Exercise Timeline: Beneficiaries have a window of five years from the date of each vesting to exercise their options.
- Lock-in: There is no lock-in period applicable to the equity shares received upon the exercise of these options.
- Pari Passu Status: Once exercised and allotted, these shares will rank pari passu with all existing equity shares of the company.
Source: BSE
