VIP Industries Limited Grants 1,50,000 Employee Stock Appreciation Rights Under ESARP Plan
VIP Industries Limited has announced the grant of a tranche of Employee Stock Appreciation Rights (ESARs) to its eligible employees as part of the VIP Employees Stock Appreciation Rights Plan 2018. The decision was made by the Nomination and Remuneration Committee during a meeting held on August 3, 2026.The Company granted 1,50,000 ESARs to eligible employees across the company or its subsidiaries. These grants are aligned with the terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations 2021. The total number of equity shares covered by these ESARs is specified as not more than 17,06,587.
According to the plan details, each ESAR will be issued at a price of Rs. 388/- per share. In addition to the new grant, the report noted that there are 16,39,000 vested ESARs from earlier grants available to employees. The granted ESARs and existing vested rights are governed by the ESARP 2018/Plan.
The tenure for exercising these stock appreciation rights is set at a period of five years, measured from the date of vesting of each ESAR.
Key financial details regarding the ESAR grant are summarized below:
| Metric | Detail |
|---|---|
| Total New ESARs Granted | 1,50,000 |
| Shares Covered by ESARs | Not more than 17,06,587 equity shares |
| ESAR Grant Pricing Formula | Rs. 388/- per share |
| Vested ESARs (Prior Grants) | 16,39,000 |
| Exercise Period | 5 years from date of vesting |
The grant adheres to the established guidelines set forth in the ESARP 2018/Plan.
VIPIND Stock Price Movement
As of 3:25 PM, VIP Industries Limited is rallying in live trading, pushing to ₹310.60 as the stock gains 3.9%. The equity maintains strong momentum amid heavy activity, with 413,748 shares having been traded during the session.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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