Leela Palaces Grants 21.6 Lakh ESOPs Under 2024 Scheme

Leela Palaces Hotels & Resorts Ltd announced the grant of 21,61,729 employee stock options to eligible employees under the Leela Employee Stock Option Scheme 2024. The grant was approved by the Nomination and Remuneration Committee via a circular resolution on July 21, 2026. Each option is convertible into one equity share with a face value of INR 10. The exercise price is set at INR 435 per option. The options have a maximum exercise period of five years from the vesting date, subject to scheme conditions. This move aims to incentivize and retain key employees.