Vedanta Oil and Gas Approves Employee Stock Option and Purchase Plans for Employees
Vedanta Oil and Gas Limited (formerly Malco Energy Limited) has announced the approval of two new employee incentive schemes: the Vedanta Oil and Gas Limited - Employee Stock Option Plan 2026 (VOGL ESOP 2026) and the Vedanta Oil and Gas Limited - Employee Stock Purchase Plan 2026 (VOGL ESPP 2026). These plans are designed to grant options and allow purchase opportunities to eligible employees of the company and its subsidiaries.The schemes, which were approved by the Board of Directors on July 29, 2026, target granting options for up to 5% of the total paid-up share capital through the ESOP component. The plan will be implemented via the creation of the Vedanta Oil and Gas Limited ESOS Trust (VOGL ESOS Trust). This Trust is set to acquire existing equity shares of the company through a secondary acquisition from the open market.
The VOGL ESOP 2026 pool encompasses up to 16,62,04,184 shares, representing 4.25% of the total paid-up share capital of the Company. For the VOGL ESPP 2026, the offered pool is limited to 2,93,30,150 shares, accounting for 0.75% of the company's paid-up share capital.
Key Details of Employee Incentive Schemes
The plans are structured to enable eligible employees to acquire equity shares and participate in the company’s long-term value creation. Below is a detailed overview of the schemes as per the approved plan terms.| Feature | VOGL ESOP 2026 (Option Plan) | VOGL ESPP 2026 (Purchase Plan) |
|---|---|---|
| Scheme Status | Scheme in line with SEBI regulations | Scheme in line with SEBI regulations |
| Total Shares Covered | Not exceeding 16,62,04,184 shares (representing up to 4.25% of paid-up capital) | Not exceeding 2,93,30,150 shares (representing up to 0.75% of paid-up capital) |
| Pricing Formula | Proposed at the face value of the share, currently ₹ 1 per share | Nil or as determined by the Nomination & Remuneration Committee (NRC) |
| Exercise/Acceptance Period | Within 08 Months from the date of each vesting | Within the offer period specified in the offer letter |
Terms and Conditions Overview
The schemes adhere to specific operational terms designed for long-term employee engagement. Key aspects detailed include:- Implementation: The ESOP scheme will be implemented through the ESOS Trust route via secondary acquisition. The total shares held by the Trust from all outstanding Schemes under secondary acquisition shall not exceed 5% of the paid-up equity share capital at any point in time.
- Eligible Employees: The plans are open to employees of the Company, its holding company, and subsidiaries. Exclusions include promoters, the promoter group, independent directors, and individuals holding more than 10% equity.
- Purchase/Allotment: The offer terms, allotment, eligibility checks, quantum of shares, and other related aspects will be determined by the Nomination & Remuneration Committee (NRC).
- Lock-in Period: Shares transferred to Eligible Employees by the Trust under the Plan shall carry a Lock-in Period of 1 year from the date of transfer.
Board Leadership Update
In addition to the scheme approvals, the Board of Directors designated Mr. Pulak Modi, a Non-Executive Director of the Company, as the Vice Chairman of Vedanta Oil and Gas Limited.VOGL Stock Price Movement
Today, Vedanta Oil and Gas Limited shares edged higher to close at ₹35.07, gaining 3.31% in the trading session. The stock traded within a narrow intraday range, hitting a low of ₹33.71 and peaking at ₹35.48.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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