Devyani International Limited disclosed the grant of stock options under its Employees Stock Option Scheme 2021 (ESOP 2021). The disclosure was made pursuant to Regulation 30 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
- Total stock options granted: 27,13,700
- Each stock option is convertible into one fully paid-up equity share of face value ₹1
- Total shares covered by these options: 27,13,700 equity shares of face value ₹1 each
- Exercise price: ₹101 per stock option
Terms and Conditions
- Minimum vesting period: One year between grant and vesting of stock options
- Exercise period: Within 5 years from the date of each vesting
- No lock-in period on equity shares arising from exercise of options
- Equity shares will rank pari passu with all other equity shares of the company from date of allotment
- Vesting schedule to be specified in the Grant Letter
Current Status
- Options vested: Not applicable at this stage
- Options exercised: Not applicable at this stage
- Options lapsed: Not applicable at this stage
- Money realized by exercise: Not applicable at this stage
- Total shares from exercised options: Not applicable at this stage
- Variation of terms: Not applicable at this stage
- Subsequent changes/cancellation: Not applicable at this stage
- Diluted earnings per share impact: Not provided