Vedant Fashions Limited has granted 24,237 stock options to eligible employees under the VFL Employee Stock Option Scheme 2018 – "Scheme Pratham". The board of directors approved the grant at its meeting on June 25, 2026.
Each stock option has an exercise price of Rs 412.60 per share. The options were granted as recommended by the nomination and remuneration committee under its existing employee stock option plan.
The nomination and remuneration committee also allotted 1,000 equity shares of face value Rs 1 each to eligible employees upon exercise of stock options under the same scheme. Following the allotment, the paid-up share capital of Vedant Fashions increased to Rs 24,29,78,245 comprising 24,29,78,245 equity shares of Rs 1 each, compared with Rs 24,29,77,245 earlier.
The time-based options will vest in three tranches. One-third will vest on the second anniversary of the grant date, one-third on the third anniversary, and the remaining 34 percent on the fourth anniversary. Performance-based options are subject to individual performance ratings and company performance criteria. The minimum vesting period is one year from the grant date.
The exercise period for vested options is 10 years from the grant date. No single grantee will receive more than 1 percent of the fully diluted share capital under the scheme. The plan also covers employees of Vedant Fashions' subsidiary and holding companies. The board meeting commenced at 2:55 PM and concluded at 3:45 PM.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.