Vedant Fashions grants 24,237 stock options at ₹412.60
Vedant Fashions Limited's board approved the grant of 24,237 stock options under the VFL Employee Stock Option Scheme 2018 – Scheme Pratham at an exercise price of ₹412.60 per option. The meeting also resulted in the re-appointment of M/s. Grant Thornton Bharat LLP as the internal auditor for FY27. The options have a vesting period starting from one year and an exercise period of 10 years.
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Vedant Fashions Limited approved the grant of 24,237 stock options to eligible employees under the VFL Employee Stock Option Scheme 2018 – Scheme Pratham. The board set the exercise price at ₹412.60 per option during its meeting held on June 25, 2026. Additionally, the company re-appointed M/s. Grant Thornton Bharat LLP as the internal auditor for the financial year 2026-27.
The grant follows a recommendation from the Nomination & Remuneration Committee. The options are convertible into 24,237 equity shares with a face value of ₹1 each. The scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Vesting and Exercise Details
The options have a minimum vesting period of one year from the date of grant. The exercise period extends to 10 years from the grant date. The vesting schedule for Time Options is structured as follows:
- 33% on the second anniversary of the Grant Date
- 33% on the third anniversary of the Grant Date
- 34% on the fourth anniversary of the Grant Date
Performance Options will vest based on individual and company performance ratings. The maximum number of options granted to any single employee cannot exceed 1% of the fully diluted total share capital at the time of the grant.
Key Meeting Outcomes
| Agenda Item | Details |
|---|---|
| Meeting Date | June 25, 2026 |
| Stock Options Granted | 24,237 |
| Exercise Price | ₹412.60 per option |
| Internal Auditor | M/s. Grant Thornton Bharat LLP |
| Scheme Name | VFL Employee Stock Option Scheme 2018 – Scheme Pratham |
The meeting was convened pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Navin Pareek, Company Secretary & Compliance Officer, submitted the intimation to the exchanges.
Historical Stock Returns for Vedant Fashions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.10% | -3.80% | -2.93% | -27.44% | -51.21% | -57.99% |
How will the introduction of performance-based vesting criteria impact employee retention and productivity at Vedant Fashions?
What is the expected dilution impact on existing shareholders once the 24,237 stock options are fully converted into equity shares?
How does the current exercise price of ₹412.60 compare to the company's historical stock performance and future valuation targets?
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