Vijaya Diagnostic Centre Limited disclosed the grant of employee stock options under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
- Number of options granted: 90,000
- Face value per share: ₹1
- Exercise price per option: ₹956
- Total potential shares arising from exercise: 90,000 equity shares
Pricing Formula
The exercise price of ₹956 per option was determined as the average closing price of the company's shares during the three months preceding the month of the grant date (July 2026), after applying a discount of 20%.
Vesting Schedule
The options will start vesting after a period of one year from the date of grant (July 09, 2026). The current grant falls under ESOP Scheme-5, which is designated for employees of support functions (Finance & Accounts, IT, Strategy, Operations, etc.). The specific vesting schedule for Scheme-5 is:
- 1st Year: 25% of options vest
- 2nd Year: 25% of options vest
- 3rd Year: 50% of options vest
Exercise Period
The options may be exercised from their respective vesting dates within an exercise period of ten years from the grant date (until July 08, 2036).
Additional Terms
The shares arising from the exercise of vested options will not be subject to any lock-in period. The plan is administered by the Nomination and Remuneration Committee of the Board of Directors.
Current Status
As of the disclosure date:
- No options have vested
- No options have been exercised
- No money has been realized from option exercise
- No options have lapsed
- No terms have been varied
- No diluted EPS impact is applicable
Financial Impact
The disclosure does not quantify any immediate financial impact. Potential future dilution from full exercise would represent 90,000 additional equity shares.