VIP Industries Limited Approves Grant of 1,20,000 ESARs Under Employee Stock Appreciation Plan
VIP Industries Limited announced that its Nomination and Remuneration Committee approved the grant of Employee Stock Appreciation Rights (ESARs) on April 27, 2026. The grant falls under the company’s existing VIP Employees Stock Appreciation Rights Plan 2018.The company confirmed that the approved ESARs are designated for eligible employees of the company or its subsidiary. The total number of ESARs approved for this tranche was 1,20,000.
The ESAR scheme is structured according to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations 2021. The details pertaining to the grant, including the total shares covered and the vesting period, are as follows:
| Detail | Specification |
|---|---|
| ESARs Granted | 1,20,000 ESARs to the eligible employee |
| Shares Covered | Not more than 17,06,587 equity shares |
| Pricing Formula | Rs. 388 per share |
| Vested ESARs | 16,19,000 (out of earlier grants) |
| Exercise Period | Vested ESARs must be exercised within 5 years from the date of vesting |
The ESOPs granted are governed by the ESARP 2018 Plan. The company confirmed that the ESARP 2018 Plan was submitted with the exchanges at the time of obtaining In-Principle Approval.
VIPIND Stock Price Movement
Shares of VIP Industries Limited today slipped by 1.77% to close at ₹294.6. The stock shed ₹5.30 on total traded volume of 368,289 shares, settling just above its intraday low of ₹292.3.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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