The Nomination and Remuneration Committee of the Board of Directors approved this grant in its meeting held on August 21, 2026.
Key Details of the Grant
- Total Options Granted: 4,68,00,000 (Four Crore Sixty-Eight Lakh) Stock Options
- Grant Recipient: Eligible employee of the Company (specific employee not named)
- Exercise Price: ₹102.60 per stock option
- Underlying Share: Each stock option is convertible into one fully paid-up equity share of face value ₹10 each.
- Plan: Vishal Mega Mart Employees Stock Options Plan 2019
- Total Shares Covered: The grant covers 4,68,00,000 equity shares of face value ₹10 each.
Exercise Period
The exercise period for the vested options is 10 (ten) years from the date of the grant of options, unless the Board/Committee decides otherwise.
Other Information
- Options Vested: Not applicable as the disclosure is for the grant, not vesting.
- Options Exercised: Not applicable as the options are newly granted.
- Money Realized/Options Lapsed/Variation of Terms: Not applicable for this grant disclosure.
- Diluted EPS Impact: Not applicable as the options are yet to be exercised.
The intimation was signed by Rahul Luthra, Company Secretary & Compliance Officer (ICSI Membership No: F9588), and will be hosted on the company's website (https://aboutvishal.com/).