Committee allots 3,773 shares on ESOP exercise, grants 14,815 ESOPs and 7,407 RSUs
NRCGC on Oct 16, 2026 approved allotment of 3,773 equity shares of Rs.5/- each on exercise of vested ESOPs.
By ScoutQuest · · 2 min read
- Shares allotted on ESOP exercise
- 3,773 equity shares of Rs.5/- each
- Issued share capital post allotment
- Rs. 55.1 crore across 11,02,09,435 shares of Rs. 5/- each
- Fresh grants under SSL Plan 2022
- 14,815 ESOPs and 7,407 RSUs (22,222 shares in all)
What the committee approved
The Nomination Remuneration & Corporate Governance Committee (NRCGC) met on October 16, 2026 and approved two items under the Shoppers Stop Limited Employees Stock Option Plan 2022 (SSL Plan 2022).
Allotment of shares on option exercise
- 3,773 equity shares of Rs. 5/- each were allotted to employees who exercised vested Employee Stock Options.
- The shares were issued at an exercise price of Rs. 5/- per share, with a premium of Rs. 0 per share.
- After this allotment, the company's issued share capital is Rs. 55.1 crore, divided into 11,02,09,435 equity shares of Rs. 5/- each.
- The newly allotted shares rank pari-passu with the existing equity shares.
- The company has stated that this allotment is not material in nature.
Fresh grants to employees
- 14,815 ESOPs and 7,407 RSUs were granted to eligible employees.
- Together, these cover 22,222 equity shares of face value Rs. 5/- each.
Price an employee pays
- ESOP exercise price: Rs. 369/- per option, being the 6 months' average of daily opening and closing price of the shares on the recognised stock exchange having the highest trading volume, on the date immediately prior to the grant date.
- RSU exercise price: Rs. 5/- per option, being the face value of the underlying share as on the date of grant.
When these options vest
- ESOPs: 25% in each of the 1st, 2nd, 3rd and 4th year from the date of grant.
- RSUs: 15% in the 2nd year, 35% in the 3rd year and 50% in the 4th year from the date of grant.
- Vesting requires continued employment or service with the company on the relevant vesting date, and achievement of certain milestones decided by the committee.
- Options can be exercised within 2 (two) years from the date of vesting.
How to read this
- Employee stock plans reward and retain staff, and the shares issued on exercise add to the total share count over time. That is a gradual dilution for existing shareholders.
- The size here is small relative to the base: 3,773 shares allotted against a total of 11,02,09,435 shares, and 22,222 shares covered by the fresh grants.
- The new grants do not become shares immediately. They convert into shares only if and when employees vest and choose to exercise them, so the eventual addition to the share count depends on that.
- The company has itself described the allotment as not material in nature.
Also from Shoppers Stop
Shoppers Stop files transcript of Q2 FY27 earnings conference call held October 16, 2026
21 Oct 2026
Shoppers Stop Ltd shareholder sells 0.3541% stake, holding falls to 3.1874%
21 Oct 2026
Shoppers Stop Q2 FY27: Consolidated PAT turns positive at Rs 6 Cr, EBITDA up 56%; on track to be debt free by Q3
16 Oct 2026
More numbers
- Equity shares allotted on exercise of vested ESOPs3,773 equity shares of Rs.5/- each
- Issued share capital after the allotmentRs. 55,10,47,175
- Total shares after the allotment11,02,09,435 shares of Rs. 5/- each
- ESOPs granted to eligible employees14,815 ESOPs
- RSUs granted to eligible employees7,407 RSUs
- Total shares covered by the fresh grants22,222 Equity Shares
- Exercise price per ESOPRs. 369/- per option
- Exercise price per RSURs.5/- per option
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.