NewsDevyani International Grants 4,26,300 Stock Options to Eligible Employees Under ESOP 2021 SchemeDevyani International Grants 4,26,300 Stock Options to Eligible Employees Under ESOP 2021 Scheme
Devyani International's NRC approved the grant of 4,26,300 stock options to eligible employees under the ESOP 2021 scheme on May 15, 2026, in compliance with SEBI (SBEB) Regulations, 2021. Each option is convertible into one equity share of face value Re. 1/- each, at an exercise price of Rs. 103.50 per option. Options are exercisable within 5 years from the date of each vesting, with a mandatory minimum gap of one year between grant and vesting. No lock-in applies to shares arising from the exercise of these options, and such shares rank pari passu with existing equity shares.
*this image is generated using AI for illustrative purposes only.
Devyani International 's Nomination and Remuneration Committee (NRC) has approved the grant of 4,26,300 stock options to eligible employees under its ESOP 2021 scheme, as disclosed under Regulation 30 on May 15, 2026. The grant is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2021. Each stock option is convertible into one fully paid-up equity share of the company carrying a face value of Re. 1/- each.
Key Details of the ESOP 2021 Grant
The following table summarises the key parameters of the stock option grant as disclosed by the company:
| Parameter: | Details |
|---|---|
| Total Options Granted: | 4,26,300 stock options |
| Equity Shares Covered: | 4,26,300 equity shares of face value Re. 1/- each |
| Exercise Price: | Rs. 103.50 per stock option |
| Exercise Period: | Within 5 years from the date of each vesting |
| Compliance: | SEBI (SBEB) Regulations, 2021 |
Vesting and Exercise Conditions
The stock options granted to eligible employees shall vest within the vesting period as set forth in the respective Grant Letter. A minimum period of one year is mandated between the grant of stock options and their vesting. The options are not yet vested or exercised at this stage, and no subsequent changes, cancellations, or exercises have been reported.
Significant Terms of the Grant
The key terms governing the stock options are as follows:
- There shall be a minimum period of one year between the grant of stock options and vesting of stock options.
- No lock-in applies to the equity shares arising upon the exercise of these stock options.
- Equity shares arising on the exercise of the options shall rank pari passu with all existing equity shares of the company from the date of allotment.
The grant reflects Devyani International's continued commitment to employee participation through structured equity-based incentive programmes aligned with regulatory requirements.
Historical Stock Returns for Devyani International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.04% | -0.68% | +10.93% | -14.48% | -32.15% | -4.39% |
How might the exercise price of Rs. 103.50 compare to Devyani International's market price at the time of vesting, and what does this imply for employee retention incentives?
Could the potential dilution from 4,26,300 new equity shares impact Devyani International's EPS and how might existing shareholders react to this dilution?
Will Devyani International announce additional ESOP tranches in the near future as part of a broader talent retention strategy amid competition in the QSR sector?
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