Shoppers Stop Limited has allotted 3,773 equity shares of face value Rs. 5 each pursuant to the exercise of vested Employee Stock Options by employees under the Shoppers Stop Limited Employees Stock Option Plan 2022 (SSL Plan 2022).
Key Allotment Details:
- Exercise price per share: Rs. 5 (no premium)
- Distinctive share numbers: 11,02,05,663 to 11,02,09,435 (inclusive)
- Date of issue: October 16, 2026
- The allotted shares rank pari-passu with existing equity shares of the company
- No lock-in restrictions apply to these shares
Capital Structure Change:
The company's paid-up share capital has increased from the previous amount to Rs. 55,10,47,175 divided into 11,02,09,435 equity shares of Rs. 5 each following this allotment.
ESOP Plan Compliance:
The allotment is made under SSL Plan 2022, which complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company received consolidated 'in-principle' approval from:
- BSE: June 24, 2022 (DCS/IPO/TL/ESOP-IP/2384/2022-23) for 20,00,000 equity shares (13,33,000 ESOPs + 6,67,000 RSUs)
- NSE: June 15, 2022 (NSE/LIST/31360) for 20,00,000 equity shares (13,33,000 ESOPs + 6,67,000 RSUs)
Additional Announcements:
The Nomination Remuneration & Corporate Governance Committee (NRCGC) also approved the grant of 14,815 ESOPs and 7,407 RSUs under SSL Plan 2022 to eligible employees, totaling 22,222 stock options.
New Grant Details:
- ESOP exercise price: Rs. 369 per option (6-month average of daily opening and closing price)
- RSU exercise price: Rs. 5 per option (face value)
- Vesting schedule for ESOPs: 25% each year over 4 years
- Vesting schedule for RSUs: 15% (1st year), 35% (3rd year), 50% (4th year)
- Vesting criteria: Continued employment and achievement of performance milestones
- Exercise period: 2 years from vesting date
The NRCGC meeting was held on October 16, 2026, from 11:30 am to 12:00 noon. The company clarified that the allotment of shares is not material in nature.