NewsLenskart Solutions Grants 3,47,000 Employee Stock Options at INR 389 Per Share Under ESOP Plan 2021Lenskart Solutions Grants 3,47,000 Employee Stock Options at INR 389 Per Share Under ESOP Plan 2021
Lenskart Solutions Limited has granted 3,47,000 Employee Stock Options at an exercise price of INR 389 per share under its ESOP Plan 2021, approved by the Nomination and Remuneration Committee on May 8, 2026. The grant covers eligible employees across the company and its group, subsidiary, and associate entities in India and abroad, with each option convertible into one equity share of face value INR 2. The disclosure was made on May 9, 2026, in compliance with SEBI Listing Regulations.
*this image is generated using AI for illustrative purposes only.
Lenskart Solutions Limited has announced the grant of 3,47,000 Employee Stock Options (ESOPs) to eligible employees under the Lenskart Employee Stock Option Plan, 2021. The grant was approved by the Nomination and Remuneration Committee of the company through a circular resolution passed on May 8, 2026, and was disclosed to the stock exchanges on May 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scheme is compliant with the SEBI (Share Based Employee Benefits) Regulations, 2021.
ESOP Grant Details
The grant covers eligible employees of the company as well as those of its Group Company, Subsidiary Company(ies), and Associate Company(ies), whether based in India or outside India. The key parameters of the grant are outlined below:
| Parameter: | Details |
|---|---|
| Number of Options Granted: | 3,47,000 Employee Stock Options |
| Plan Name: | Lenskart Employee Stock Option Plan, 2021 |
| Exercise Price: | INR 389 per share |
| Face Value per Share: | INR 2 each |
| Total Equity Shares Covered: | 3,47,000 equity shares |
| Conversion Ratio: | 1 option = 1 equity share |
| Grant Approval Date: | May 8, 2026 |
| Disclosure Date: | May 9, 2026 |
Pricing Formula and Exercise Window
The exercise price of INR 389 per share has been determined based on the average closing price for 30 days prior to the grant date on the stock exchange recording the highest trading volume during that period, subject to a maximum discount of 25% on such price. Options can be exercised, either wholly or partly, at any time during the exercise window while the employee remains in employment with the company, after the applicable vesting period. Should all granted options be vested and exercised, a total of 3,47,000 equity shares having a face value of INR 2 each would arise as a result.
Regulatory Compliance
The intimation has been made in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations, and in line with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was signed by Ashish Srivastava, Company Secretary and Chief Compliance Officer (Membership No.: F5325), from the company's corporate office in Gurugram, Haryana. As the announcement pertains solely to the grant of options, items such as options vested, options exercised, money realized, options lapsed, and diluted earnings per share are reported as not applicable at this stage.
Historical Stock Returns for Lenskart Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | +7.60% | -0.10% | +28.49% | +29.96% | +29.96% |
How might the vesting schedule and exercise timeline for these 3,47,000 ESOPs impact Lenskart's share dilution and earnings per share over the next 2-3 years?
Given the exercise price of INR 389 per share, how could fluctuations in Lenskart's stock price affect employee retention and the attractiveness of this ESOP grant?
Will Lenskart announce additional ESOP tranches in the near future as part of a broader talent acquisition strategy to compete with other eyewear and D2C retail companies?
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