Kalyan Jewellers India Limited has taken a significant step in enhancing employee engagement by allotting equity shares under its Employee Stock Option Plan (ESOP). The company recently announced the allotment of 1,10,071 equity shares to eligible employees, demonstrating its commitment to aligning employee interests with those of the company.

Key Details of the Allotment

Implications and Next Steps

Pari Passu Status

The newly allotted shares will rank equally with the existing equity shares of the company, ensuring equal rights for the employee shareholders.

Listing Process

Kalyan Jewellers is currently in the process of completing the necessary formalities to list these allotted shares on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Regulatory Compliance

The allotment was made in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

No Lock-in Period

The company confirmed that there is no lock-in period applicable to these allotted shares.

Corporate Governance and Transparency

The allotment decision was made by the Nomination Remuneration Committee of the Board of Directors, highlighting the company's adherence to good corporate governance practices. By promptly disclosing this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kalyan Jewellers demonstrates its commitment to transparency and keeping shareholders informed.

This move by Kalyan Jewellers not only incentivizes its employees but also potentially aligns their interests more closely with the company's long-term success. As the company continues to grow in the competitive jewelry market, such initiatives may play a crucial role in attracting and retaining talent while fostering a sense of ownership among its workforce.

Kalyan Jewellers India Limited has successfully obtained shareholder approval for a significant amendment to its Employee Stock Option Plan 2020 (ESOP 2020). The postal ballot results announced on December 15, 2025, show overwhelming support for doubling the stock options available under the plan.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the company's employee retention strategy:

Key Details of the Approved Amendment

The amendment increases the total number of employee stock options from 30 lakh to 60 lakh, with each option convertible into one equity share having a face value of ₹10.00. The special resolution was passed with the requisite majority as confirmed in the scrutinizer's report.

ESOP 2020 Features

The amended Employee Stock Option Plan includes comprehensive provisions for employee participation:

Voting Process and Compliance

The company conducted the postal ballot process through National Securities Depository Limited (NSDL) e-voting platform. MR Thiagarajan, Company Secretary in Practice, served as the scrutinizer for the voting process. The postal ballot notice dated November 7, 2025, was sent to shareholders via email on November 13, 2025. The company published requisite notices in The Indian Express (English) and Deepika (Malayalam) newspapers on November 14, 2025.

Strategic Impact

This expansion of the ESOP pool enhances Kalyan Jewellers' ability to attract, retain, and motivate key talent across the organization and its subsidiaries. The overwhelming shareholder approval reflects confidence in the company's strategy to align employee interests with organizational objectives through equity-based compensation. Chairman Vinod Rai announced the results based on the scrutinizer's report submitted on December 15, 2025.