Vishal Mega Mart Limited announced on June 15, 2026, the approval to grant 9,75,000 stock options to eligible employees. These options are part of the Vishal Mega Mart Employees Stock Options Plan 2019, with an exercise price of Rs. 119/- per option. This move aims to incentivize and retain key talent within the company. The details of this grant are in line with the company’s employee benefit schemes.
Stock Option Grant Approved
Vishal Mega Mart Limited has officially approved the grant of 9,75,000 stock options to its eligible employees. This decision was made on June 15, 2026, and it falls under the company’s existing Vishal Mega Mart Employees Stock Options Plan 2019. The approval was given by the Nomination and Remuneration Committee of the Board of Directors.
Key Details of the Grant
Each stock option granted is convertible into one fully paid-up equity share of the company, with a face value of Rs. 10 each. Consequently, a total of 9,75,000 equity shares are covered by these granted options. The exercise price for each option has been set at Rs. 119/-. The exercise period for these vested options is stipulated to be 10 years from the date of the grant, unless the Board or Committee decides otherwise.
Employee Incentive Program
This grant of stock options underscores Vishal Mega Mart Limited’s commitment to its employees, providing them with an opportunity to participate in the company’s growth. The details of this significant grant have been disseminated to the relevant stock exchanges, namely the National Stock Exchange of India Ltd. and BSE Limited, as per regulatory requirements.
Source: BSE
