Avenue Supermarts Approves Vesting of 1,79,327 Stock Options

Avenue Supermarts Ltd announced the vesting of 1,79,327 stock options under its Employee Stock Option Scheme 2023 (Class C category) to eligible employees. These options were originally granted on September 1, 2023, and January 13, 2024, with exercise prices of ₹3,350 and ₹3,420 respectively. The vesting date is September 1, 2026, and employees can exercise these options on or before November 30, 2026. The company also reported that 19,950 options lapsed due to resignation and 1,298 were cancelled due to performance parameters. The ESOP scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.