Vodafone Idea Limited disclosed the grant of stock options under Regulation 30 of SEBI Listing Regulations. The Nomination and Remuneration Committee of the Board approved the grant at its meeting held on 13 July 2026.
The company granted 13,89,72,376 Stock Options in aggregate under the "Vodafone Idea Limited Employee Stock Option and Performance Stock Unit Scheme 2024" (VIL Scheme 2024). The grant comprises:
- 8,75,68,313 Options
- 5,14,04,063 Performance Stock Units (PSUs)
Key Details of the Grant:
Number of Shares Covered: Each Option and PSU is convertible into 1 fully paid-up equity share with face value of ₹10 each.
Exercise Price:
- Options: ₹14.19 per Option (based on market price of 10 July 2026)
- PSUs: ₹10 per PSU
Vesting Period:
- Options: 33% each over 3 years, with first vesting upon completion of one year from grant date
- PSUs: 100% vesting at end of 3 years from grant date
Exercise Period: Both Options and PSUs can be exercised within 5 years from the date of vesting.
The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026.
The letter was signed by Pankaj Kapdeo, Company Secretary, on 13 July 2026 at 19:57:14 IST.