Vishal Mega Mart Limited has announced the approval of 5,00,000 stock options to be granted to eligible employees under the company’s 2019 Stock Options Plan. The grant was approved by the Nomination and Remuneration Committee on April 01, 2026. Each option carries an exercise price of Rs. 105 per share, aligning with the company’s commitment to incentivizing its workforce and fostering employee ownership.
Stock Option Grant Details
On April 01, 2026, the Nomination and Remuneration Committee of the Board of Directors finalized the grant of 5,00,000 stock options. This initiative, executed under the existing Employees Stock Options Plan 2019, is designed to reward eligible employees and encourage long-term commitment to the organization’s growth.
Key Terms and Conditions
The grant comes with clearly defined parameters for future conversion and exercise. Each individual stock option grants the right to acquire one fully paid-up equity share with a face value of Rs. 10. The set exercise price for these options is Rs. 105 per share.
Vesting and Exercise Period
According to the company’s plan, the exercise period for these vested options spans 10 years from the date of the grant. This extended window provides employees with significant flexibility to manage their equity holdings as the company progresses. This move highlights the firm’s strategic focus on employee retention through performance-based equity incentives.
Source: BSE
