Jubilant FoodWorks Limited (JFL) announced the grant of new stock options to eligible employees across its 2011, 2016, and 2025 Employee Stock Option Schemes. The grant, finalized by the Nomination, Remuneration and Compensation Committee (NRC) on February 10, 2026, involves a total of 224,153 options. The exercise price for the new grants under ESOP 2025 is set at ₹2 per option, significantly lower than the previous scheme’s exercise price.
Jubilant FoodWorks Announces ESOP Grant
Jubilant FoodWorks Limited (JFL) has formally disclosed the issuance of new stock options to its employees. The decision was finalized by the Nomination, Remuneration and Compensation Committee (NRC) during its meeting held on February 10, 2026, which convened between 1:45 p.m. and 2:20 p.m.
Summary of Options Granted
The options were granted under three distinct Employee Stock Option Schemes (ESOPs). The total number of options granted across these schemes on February 10, 2026, is detailed below:
- JFL Employees Stock Option Scheme 2011 (ESOP 2011): 83,645 options.
- JFL Employees Stock Option Scheme 2016 (ESOP 2016): 64,282 options.
- JFL Employees Stock Option Scheme 2025 (ESOP 2025): 76,221 options.
In total, 224,153 equity shares are covered by these grants, with each option convertible into one equity share of the Company having a face value of ₹2/- each.
Key Pricing and Vesting Details
The exercise price (Pricing Formula) varies significantly depending on the scheme:
- For ESOP 2011, the exercise price is ₹548/- per stock option, based on the closing market price on February 09, 2026 (₹548.35, rounded off).
- For the newer ESOP 2025, the exercise price is significantly reduced to ₹2/- per stock option, as approved by the NRC.
The vesting schedule for the ESOP 2011 mandates staggered vesting:
- 20% on the first anniversary of the Grant.
- 30% on the second anniversary of the Grant.
- 50% on the third anniversary of the Grant.
For ESOP 2016 and ESOP 2025 grants, 100% of the stock options will vest not earlier than One (1) year and not later than Three (3) years from the date of grant, as per the approved vesting schedule.
Finally, the period within which the option may be exercised (Exercise Period) is set at Seven (7) years from the first vesting date for ESOP 2011, and for the newer schemes, it is subject to NRC approval, commencing One (1) year from the vesting date.
Source: BSE
