Vardhman Special Steels Approves Grant of 7.6 Lakh Employee Stock Options
Vardhman Special Steels Limited approved granting 7,60,000 Employee Stock Options to 73 employees under the VSSL ESOP Plan 2025. The exercise price is ₹200 per share, with vesting over five years. This is the first grant under the plan.
Granting employee stock options is a common practice for employee retention and motivation and typically has a limited immediate financial impact on the company.
The announcement is a routine corporate action regarding employee stock options and does not inherently signal a positive or negative development for the company's financial performance.
Vardhman Special Steels Limited (VSSL) has announced the approval of a grant of 7,60,000 Employee Stock Options (ESOPs) to eligible employees under the Vardhman Special Steels Limited Employee Stock Option Plan 2025.
The decision was made by the Nomination and Remuneration Committee during its meeting held on July 17, 2026. This marks the first grant under the VSSL ESOP Plan 2025.
The options are priced at ₹200 per equity share. The vesting schedule for these options is as follows: 25% at the end of the 2nd year from the grant date, 25% at the end of the 3rd year, 25% at the end of the 4th year, and the remaining 25% at the end of the 5th year. The options can be exercised within two years from the vesting date. Each stock option is convertible into one equity share of face value ₹10.
The meeting of the Nomination and Remuneration Committee commenced at 05:30 p.m. and concluded at 06:40 p.m. on July 17, 2026.
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Vardhman Special Steels Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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