Vardhman Special Steels Limited disclosed that its Nomination and Remuneration Committee (NRC) approved the grant of employee stock options during its meeting held on 17th July, 2026. The meeting commenced at 5:30 PM and concluded at 6:40 PM.

Key Details of ESOP Grant

  • Plan Name: Vardhman Special Steels Limited Employee Stock Option Plan 2025 (VSSL ESOP Plan 2025)
  • Total Options Granted: 7,60,000 employee stock options
  • Conversion Ratio: Each stock option is convertible into 1 equity share of face value ₹10 each
  • Total Shares Covered: 7,60,000 equity shares
  • Exercise Price: ₹200 per equity share
  • Vesting Schedule:
  • 25% at the end of the 2nd year from the Grant Date
  • 25% at the end of the 3rd year from the Grant Date
  • 25% at the end of the 4th year from the Grant Date
  • 25% at the end of the 5th year from the Grant Date
  • Exercise Period: Options may be exercised within 2 years from each respective Vesting Date

Additional Information

This represents the First Grant under the VSSL ESOP Plan 2025. The disclosure was signed by Sonam Dhingra, Company Secretary, and submitted to both BSE Limited and The National Stock Exchange of India Ltd for record keeping.

Financial Impact

Financial impact of the ESOP grant has not been quantified in this disclosure.