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Avenue Supermarts Ltd. ( (IN:DMART) ) has provided an update.
Avenue Supermarts has vested 1,512,909 stock options to eligible employees and subsidiaries’ staff under its 2016 Employee Stock Option Scheme, Class A, with each option convertible into one equity share at an exercise price of Rs. 299. The options, part of a 2017 grant of 2,772,525 options with a nine-year vesting period, can be exercised until 13 June 2026, with a significant chunk having lapsed or been cancelled due to resignations and performance parameters, underscoring the company’s use of ESOPs as a performance-linked retention tool.
The disclosures show that 3,600 options have already been exercised by nominees of deceased employees, yielding Rs. 1,076,400, while 1,010,175 options lapsed on resignation and 245,841 were cancelled on performance grounds. The move aligns the ESOP scheme with SEBI’s share-based benefit regulations and indicates a measured approach to equity-linked compensation, which may moderately increase the company’s share count depending on how many vested options are ultimately exercised by the June 2026 deadline.
More about Avenue Supermarts Ltd.
Avenue Supermarts Ltd., which operates the DMart retail chain, is a major player in India’s organised food and grocery retail sector. The company focuses on value retailing through large-format stores, targeting middle-income consumers with a wide range of daily-use products and household essentials.
Average Trading Volume: 25,396
Technical Sentiment Signal: Hold
Current Market Cap: 2494.9B INR
See more data about DMART stock on TipRanks’ Stock Analysis page.