Avenue Supermarts Limited has announced that its Nomination and Remuneration Committee has approved the vesting of 1,79,327 stock options. These options are designated for eligible employees under the Class C category of the Employee Stock Option Scheme, 2023. The vesting date for these options is specified as September 1, 2026, with an exercise window closing on November 30, 2026.
Employee Stock Option Vesting Approved
In a recent announcement, Avenue Supermarts Limited confirmed the approval of stock option vesting for its employees. The Nomination and Remuneration Committee of the company, during its meeting held on September 1, 2026, passed a resolution to approve the vesting of 1,79,327 stock options. These options are part of the Employee Stock Option Scheme, 2023, specifically within the Class C category.
Scheme Details and Exercise Window
The approved vesting pertains to eligible employees of Avenue Supermarts Limited and its subsidiaries. The company disclosed that the stock options were initially granted at exercise prices ranging from Rs. 3,350/- to Rs. 3,420/-. The total number of shares covered by the options granted is 2,00,575 equity shares of Rs. 10/- each. The vested stock options can be exercised by employees on or before November 30, 2026.
The SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, govern the ESOP Scheme 2023. The pricing formula stipulates that the exercise price shall not be less than 85% of the closing market price of the shares on the grant date. No options have been exercised to date, and consequently, no money has been realized from option exercises. A total of 19,950 options have lapsed due to employee resignations.
Source: BSE
