Jubilant FoodWorks Grants Over 7.5 Lakh Stock Options

Jubilant FoodWorks Limited (JFL) announced the grant of stock options under its ESOP Schemes 2011 and 2025. The Nomination, Remuneration and Compensation Committee approved the grant of 3,36,754 options under ESOP 2011 and 4,21,710 options under ESOP 2025. These options are convertible into equity shares of face value Rs. 2/-. The exercise price for ESOP 2011 is Rs. 422/-, based on the previous day's closing price, while for ESOP 2025 it is Rs. 2/-. Vesting schedules and exercise periods vary between the two schemes, with lock-in conditions applicable to certain grants.