Vaibhav Global Limited’s Board of Directors convened on October 28, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also declared a second interim dividend of Rs. 1.50/- per equity share. Additionally, 8,018 Restricted Stock Units (RSUs) were granted to eligible employees under the VGL RSU Plan 2019.
Financial Results and Dividend Declaration
Vaibhav Global Limited has announced the outcome of its Board of Directors meeting held on October 28, 2026. The board reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2026, prepared under Ind AS.
Furthermore, the Board declared a second interim dividend of Rs. 1.50/- per equity share (face value Rs. 2/- each) for the financial year 2026-27. The record date for determining entitlement to this dividend is set as Wednesday, November 4, 2026, with payment to be made within 30 days of declaration.
Employee Stock Option Grant
In a significant move for employee incentives, the Board approved the grant of 8,018 Restricted Stock Units (RSUs). These RSUs are convertible into an equal number of equity shares of Rs. 2/- face value each, under the VGL RSU Plan 2019. The grant is intended for eligible employees of the Company.
Details of RSU Grant
- Particulars: Grant of 8,018 RSUs convertible into an equal number of Equity Shares.
- SEBI Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- Total Shares Covered: 8,018 stock units convertible into 8,018 equity shares of Rs. 2/- each.
- Exercise Price: Rs. 2/- per unit.
- Vesting Schedule: 20% on completion of 1st year, 30% on completion of 2nd year, and 50% on completion of 3rd year.
- Exercise Period: Options may be exercised within 3 months from the date of respective vesting.
The meeting of the Board of Directors commenced at 18:00 hours (IST) and concluded at 23:30 hours (IST) on October 28, 2026.
Source: BSE
