Aditya Birla Lifestyle Brands Limited’s Board of Directors has approved the formulation, adoption, and implementation of the “ABLBL ESOP Scheme 2026.” This new scheme is designed for employee stock options and performance stock options. The aggregate number of equity shares issuable under the scheme will not exceed 1,83,07,800, representing 1.5% of the company’s paid-up equity share capital. The implementation is subject to shareholder approval via postal ballot.
Board Approves New Employee Stock Option Scheme
The Board of Directors of Aditya Birla Lifestyle Brands Limited, in a meeting held on August 1, 2026, has given its approval for the creation and implementation of the “ABLBL ESOP Scheme 2026.” This comprehensive scheme will cover both employee stock options (ESOPs) and performance stock options.
Key Scheme Details and Share Allocation
The “ABLBL ESOP Scheme 2026” has been formulated and adopted in compliance with the relevant SEBI regulations and master circulars. A significant aspect of the scheme is the aggregate number of equity shares that can be granted. This number is capped at a maximum of 1,83,07,800 equity shares. This allocation represents 1.5% of the company’s current paid-up equity share capital, ensuring a controlled expansion of shareholding.
Shareholder Approval Required
The full implementation and adoption of the “ABLBL ESOP Scheme 2026” are contingent upon obtaining the necessary approval from the company’s shareholders. This approval will be sought through a postal ballot process. The board meeting where these decisions were made commenced at 4:00 p.m. and concluded at 5:30 p.m. The details of this announcement are also available on the company’s official website.
Source: BSE
