Vedanta Limited has announced the vesting of employee stock options granted in 2023, totaling 5,516,340 shares. These options were vested under the ‘ESOS 2016’ scheme, following the completion of performance periods and achievement of set conditions. The total number of shares covered by these initial grants was 1,84,14,252. The exercise period for these vested options is set at 8 months or as approved by the Nomination & Remuneration Committee. The financial realization from these exercises will be determined post the exercise period’s closure.
Employee Stock Option Vesting Announced
Vedanta Limited has officially informed stakeholders about the vesting of employee stock options (ESOS) that were granted in the year 2023. This development pertains to the company’s Employee Stock Option Scheme 2016 (‘ESOS 2016’). The vesting occurred effective November 04, 2026, following the successful completion of stipulated performance periods and the achievement of required performance conditions. This notification is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of the Vesting
The total number of options granted under the 2023 plan amounts to 1,84,14,252. Of these, a significant portion, specifically 5,516,340 options, have now vested. These vested options are comprised of 2,353,762 options for VEDL employees and 3,162,578 options for employees of Resulting Companies, following the company’s demerger schemes. The exercise price for these options is at par value.
Exercise Period and Financial Implications
Eligible employees have a window of 8 months, or such other period as approved by the Nomination & Remuneration Committee, to exercise their vested options. The exact number of options exercised, the total money realized from these exercises, and the resultant number of shares will be determined and disclosed only after the conclusion of the exercise period. Details regarding lapsed options will also be communicated subsequently.
Scheme Adherence
The scheme under which these options were granted is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The vesting terms are based on a combination of business and individual performance over a sustained period, as approved by the Nomination & Remuneration Committee.
Source: BSE
