Chalet Hotels Allots 10,000 Equity Shares Under Employee Stock Option Plan 2022
Chalet Hotels Limited allotted 10,000 equity shares under its Employee Stock Option Plan 2022 on March 18, 2026, at Rs.292 per share, raising Rs.29.20 lakh. The allotment increased the company's paid-up share capital to Rs.218.99 crore with total equity shares reaching 21,89,94,127. The ESOP 2022 plan covers 12,17,831 total options with 11,11,396 options vested and 9,99,532 previously exercised. The newly issued shares rank pari-passu with existing equity shares and maintain diluted EPS at Rs.22.78 standalone and Rs.22.02 consolidated.
*this image is generated using AI for illustrative purposes only.
Chalet Hotels Limited has completed the allotment of 10,000 equity shares under its CHL Employee Stock Option Plan 2022, following approval from the Compensation, Nomination and Remuneration Committee on March 18, 2026. The shares were issued to eligible employees at an exercise price of Rs.292 per share, with a premium of Rs.282 per share over the face value of Rs.10.
Share Capital Enhancement
The allotment has resulted in an increase in the company's paid-up equity share capital, with the newly issued shares carrying the same rights as existing equity shares.
| Parameter: | Pre-allotment | Post-allotment |
|---|---|---|
| Number of Equity Shares: | 21,89,84,127 | 21,89,94,127 |
| Share Capital Amount: | Rs.2,18,98,41,270 | Rs.2,18,99,41,270 |
| Face Value per Share: | Rs.10 | Rs.10 |
ESOP 2022 Plan Details
The Employee Stock Option Plan 2022 encompasses a total of 12,17,831 employee stock options, with each option convertible into one equity share. The exercise price was determined based on the average closing share price over the last 30 trading days as of the plan's approval date of April 20, 2022.
| ESOP Metrics: | Details |
|---|---|
| Total Options Granted: | 12,17,831 |
| Options Vested: | 11,11,396 |
| Options Lapsed: | 1,06,435 |
| Previous Exercises: | 9,99,532 |
| Current Exercise: | 10,000 |
| Money Realized: | Rs.29,20,000 |
Financial Impact and Share Performance
The exercise of these stock options generated Rs.29.20 lakh for the company. Following the allotment, the diluted earnings per share stands at Rs.22.78 on a standalone basis and Rs.22.02 on a consolidated basis.
The newly allotted equity shares have been assigned distinctive numbers from 218984128 to 218994127 and carry the ISIN INE427F01016. These shares rank pari-passu with existing equity shares and are identical in all respects to the company's current equity shares.
Regulatory Compliance
The allotment was conducted in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.
The ESOP plan allows eligible employees to exercise their options within a maximum period of five years from the vesting date, subject to continued employment and performance criteria as specified by the Compensation, Nomination and Remuneration Committee.
Historical Stock Returns for Chalet Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.25% | -3.73% | -12.82% | -27.40% | -16.60% | +366.17% |
Will Chalet Hotels consider expanding the ESOP program beyond 2022 to attract and retain talent in the competitive hospitality sector?
How might the remaining 1.01 lakh vested but unexercised stock options impact future dilution if employees exercise them before expiry?
Could this ESOP exercise signal improved employee confidence in Chalet Hotels' growth prospects in the post-pandemic hospitality recovery?
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