Key Decision and Approval
The Nomination and Remuneration Committee (NRC) of Vedanta Aluminium Metal Limited approved the grant of performance-based stock options at its meeting held on October 28, 2026. The meeting commenced at 01:45 p.m. IST and concluded at 02:10 p.m. IST.
Stock Option Grant Details
- Total options granted: 49,65,124 stock options
- Share coverage: 49,65,124 equity shares (each option convertible into 1 equity share of face value ₹1 each)
- Exercise price: ₹1 (Par Value)
- Vesting period: 36 months from the grant date
- Exercise window: 8 months from the date of vesting
- Recipients: Eligible employees of the Company, including Key Managerial Personnel (KMP) and Senior Management
- Vesting conditions: Options vest on completion of the performance period subject to achievement of performance conditions
- Additional coverage: Includes allotment assumed for new joiners