News Corporate Actions Vishal Mega Mart Allots 1.15 Lakh Equity Shares Under Employee Stock Option PlanVishal Mega Mart Allots 1.15 Lakh Equity Shares Under Employee Stock Option Plan
Vishal Mega Mart Limited allotted 1,15,000 equity shares under its ESOP Plan 2019 on March 06, 2026, with employees exercising options at Rs. 18.07 and Rs. 65 per share. The allotment raised Rs. 67,00,655 and increased the company's paid-up capital to Rs. 46,73,11,78,060. The newly issued shares rank pari passu with existing equity shares and carry identical rights including dividend entitlement.
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Vishal Mega Mart Limited has successfully completed the allotment of 1,15,000 equity shares to eligible employees under its Employee Stock Options Plan 2019. The Securities Allotment Committee of the Board of Directors approved this allotment on March 06, 2026, following the exercise of stock options by employees of the company and its subsidiary.
Stock Option Exercise Details
The allotment involved stock options exercised at two different price points, reflecting the varying grant dates and market conditions when the options were originally issued to employees.
| Exercise Details: | Number of Shares | Exercise Price (Rs.) |
|---|---|---|
| Tranche 1: | 16,500 | 18.07 |
| Tranche 2: | 98,500 | 65.00 |
| Total: | 1,15,000 | Weighted Average |
Financial Impact
The exercise of these stock options generated significant capital for the company, with the total money realized amounting to Rs. 67,00,655. Each stock option was convertible into one fully paid-up equity share with a face value of Rs. 10.
| Capital Structure Impact: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Share Capital: | Rs. 46,73,00,28,060 | Rs. 46,73,11,78,060 |
| Number of Equity Shares: | 4,67,30,02,806 | 4,67,31,17,806 |
| Face Value per Share: | Rs. 10 | Rs. 10 |
Regulatory Compliance
The allotment was conducted in full compliance with SEBI regulations, including the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the necessary disclosures with both NSE and BSE on December 19, 2024, receiving filing numbers NSE/LIST/46052 and DCS/IPO/AK/ESOP-IP/3479/2024-25 respectively.
Share Characteristics
The newly allotted equity shares carry identical rights and privileges as existing shares, ranking pari passu in all respects including dividend entitlement. The shares have been assigned distinctive numbers from 4673002807 to 4673117806 and carry the ISIN number INE01EA01019. No lock-in restrictions apply to these shares, making them freely tradeable upon allotment.
ESOP Plan Framework
Under the Vishal Mega Mart Employees Stock Options Plan 2019, eligible employees have a 10-year exercise period from the date of grant unless the Board decides otherwise. The plan serves as an employee retention and motivation tool, aligning employee interests with shareholder value creation. The company will provide diluted earnings per share calculations in its upcoming financial results as required under SEBI regulations.
Historical Stock Returns for Vishal Mega Mart
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.57% | -12.21% | -9.01% | -26.57% | +6.50% | +0.03% |
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