Devyani International Grants 27.14 Lakh Stock Options

Devyani International Ltd announced that its Nomination and Remuneration Committee has approved the grant of 27,13,700 stock options under its Employees Stock Option Scheme 2021. The options are granted to eligible employees at an exercise price of ₹101 per option. Each option is convertible into one fully paid-up equity share of face value ₹1. The disclosure indicates that the options will vest over time, with a minimum one-year period between grant and vesting. There is no lock-in period on the resulting equity shares, and they will rank pari passu with existing shares upon allotment. The company has uploaded detailed disclosures as per SEBI regulations.