Key Details of ESAR Grant

  • The Nomination and Remuneration Committee of V.I.P. Industries Limited approved the grant on August 3, 2026.
  • Total ESARs granted: 1,50,000 to eligible employees of the company or its subsidiaries.
  • The grant is made under the VIP Employees Stock Appreciation Rights Plan 2018 (ESARP 2018).
  • ESARs issued at a price of ₹388 per share.
  • The total number of shares covered by all ESARs is capped at not more than 17,06,587 (Seventeen Lakhs Six Thousand Five hundred Eighty Seven) equity shares.

Existing ESAR Status

  • Previously vested ESARs: 16,39,000 (from earlier grants)
  • Exercise period: Vested ESARs are exercisable within 5 (Five) years from the date of vesting.