Jubilant FoodWorks Limited has announced the grant of 74,967 stock options to eligible employees. These options were issued under two distinct schemes, ESOP 2011 and ESOP 2025, following a committee meeting held on May 20, 2026. The initiative aims to align employee interests with the company’s long-term growth objectives, with specific vesting schedules and exercise prices established for each respective scheme.
Grant Details Breakdown
During the committee meeting conducted on May 20, 2026, Jubilant FoodWorks approved the issuance of equity-linked incentives to its workforce. A total of 41,474 options were granted under the ESOP 2011 scheme, while an additional 33,493 options were awarded under the ESOP 2025 scheme. Each option entitles the holder to one equity share of the company, with a face value of Rs. 2 per share.
Exercise Pricing and Vesting
The pricing structures for the two schemes reflect distinct financial terms:
- ESOP 2011: The exercise price is set at Rs. 473 per option, matching the closing market price on the National Stock Exchange as of May 19, 2026.
- ESOP 2025: The exercise price is fixed at Rs. 2 per option.
The vesting schedules are tailored to retain talent over the coming years. For the ESOP 2011 scheme, options vest in three phases: 20% after the first year, 30% after the second, and 50% after the third anniversary of the grant. The ESOP 2025 options will vest fully between one and three years from the date of the grant, subject to predetermined conditions.
Source: BSE
