Radico Khaitan Grants 60,000 Stock Options to Eligible Employees Under ESOP 2006
Radico Khaitan granted 60,000 stock options to eligible employees under ESOP 2006, approved by the NRCC on May 06, 2026. The options are priced at Rs. 2,838.07, reflecting a 15% discount to the NSE closing price as on May 05, 2026, with a structured vesting schedule based on employee tenure and an exercise window of 3 years from the vesting date.
*this image is generated using AI for illustrative purposes only.
Radico Khaitan has announced the grant of 60,000 stock options to eligible employees under its Employee Stock Option Scheme, 2006 (ESOP 2006). The Nomination, Remuneration and Compensation Committee (NRCC) of the company approved this grant at its meeting held on May 06, 2026, 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.
Key Details of the Stock Option Grant
The options have been granted at a price of Rs. 2,838.07, which reflects a 15% discount to the closing price quoted on the National Stock Exchange of India Limited as on May 05, 2026. Each stock option carries a face value of Rs. 2/- and confers upon the option holder the right to subscribe for 1 (one) fully paid equity share of the company. The total number of equity shares covered under this grant stands at 60,000.
The table below summarises the key parameters of the ESOP 2006 grant:
| Parameter: | Details |
|---|---|
| Total Options Granted: | 60,000 Stock Options |
| Face Value per Option: | Rs. 2/- each |
| Grant Price: | Rs. 2,838.07 |
| Pricing Basis: | 15% discount to NSE closing price as on May 05, 2026 |
| Equity Shares Covered: | 60,000 Equity Shares |
| Exercise Window: | 3 years from the Vesting date |
| Scheme: | Employee Stock Option Scheme, 2006 (ESOP 2006) |
| Compliance: | SEBI (SBEB) Regulations, 2021 |
Vesting Schedule
The vesting of ESOPs is structured based on the employee's tenure with the company as on the grant date:
- Employees who have completed one year of service on the grant date: 33% of options vest upon the first year of the grant date, with the remaining balance vesting equally over the next 3 years.
- Employees who have not completed one year of service on the grant date: 25% of options vest each year over the next 4 years.
The options may be exercised within 3 years from the respective vesting date. The diluted earnings per share pursuant to the issue of equity shares on exercise of options is not applicable at this stage, as the options are yet to be exercised.
Regulatory Disclosure
The intimation has been made in accordance with Regulation 30 of the Listing Regulations and is also being disseminated on the company's investor relations website. The disclosure was signed by Dinesh Kumar Gupta, Senior Vice President – Legal & Company Secretary, on May 06, 2026.
Historical Stock Returns for Radico Khaitan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.06% | +1.58% | +32.26% | +5.02% | +42.16% | +527.09% |
How might the 15% discounted ESOP grant at Rs. 2,838.07 impact Radico Khaitan's employee retention rates and talent acquisition strategy in the competitive FMCG sector?
Given that 60,000 new equity shares could enter the market upon option exercise over the next 3-7 years, what is the potential dilution impact on existing shareholders' earnings per share?
How does Radico Khaitan's ESOP grant size and pricing compare to similar employee incentive programs offered by rival spirits companies like United Spirits or Allied Blenders?
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