Jubilant FoodWorks grants 74,967 stock options under ESOP schemes
Jubilant FoodWorks Limited granted 74,967 stock options under ESOP 2011 and ESOP 2025. The exercise price is ₹473 for ESOP 2011 and ₹2 for ESOP 2025, with vesting periods of 3 years and 1-3 years respectively.

*this image is generated using AI for illustrative purposes only.
Jubilant FoodWorks Limited has granted a total of 74,967 stock options to eligible employees under its JFL Employees Stock Option Schemes. The decision was taken by the company's Nomination, Remuneration and Compensation Committee during its meeting held on May 20, 2026.
The allocation includes 41,474 options under the JFL Employees Stock Option Scheme 2011 (ESOP 2011) and 33,493 options under the JFL Employees Stock Option Scheme 2025 (ESOP 2025). Both schemes are compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Details of the Grant
Under the ESOP 2011, the exercise price has been fixed at ₹473 per stock option, which corresponds to the closing market price of the company's equity share on the National Stock Exchange on May 19, 2026. For the ESOP 2025, the exercise price is set at ₹2 per stock option as approved by the committee. Each stock option is convertible into one equity share with a face value of ₹2.
Vesting and Exercise Schedule
The vesting schedules differ between the two schemes. For ESOP 2011, the options will vest in three tranches: 20% on the first anniversary, 30% on the second anniversary, and 50% on the third anniversary of the grant date. The exercise period for these options is seven years from the first vesting date.
For ESOP 2025, 100% of the stock options will vest not earlier than one year and not later than three years from the date of grant. The exercise period for these options is not earlier than one year from the vesting date, as approved by the committee.
Breakdown of Stock Options Granted
| S. No | Particulars | ESOP 2011 | ESOP 2025 |
|---|---|---|---|
| 1 | Total options granted | 41,474 | 33,493 |
| 2 | Exercise price | ₹473 | ₹2 |
| 3 | Vesting period | 3 years | 1-3 years |
Historical Stock Returns for Jubilant FoodWorks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.23% | -5.17% | -7.47% | -25.87% | -35.25% | -27.71% |
How might the significant difference in exercise prices between ESOP 2011 (₹473) and ESOP 2025 (₹2) affect employee retention and motivation strategies at Jubilant FoodWorks going forward?
Given the stock option grants, what does this signal about Jubilant FoodWorks' expansion plans and talent acquisition strategy in the competitive quick-service restaurant sector?
How could the potential dilution from these 74,967 stock options impact Jubilant FoodWorks' earnings per share and shareholder value when employees begin exercising their options?


































