Vardhman Special Steels Grants 7.6 Lakh ESOPs

Vardhman Special Steels Limited announced the grant of 7,60,000 Employee Stock Options (ESOPs) to 73 eligible employees under its VSSL ESOP Plan 2025. The grant was approved by the Nomination and Remuneration Committee on July 17, 2026. Each option is convertible into one equity share of face value Rs. 10/- at an exercise price of Rs. 200/-. The options will vest in tranches of 25% over four years, starting from the second year post-grant, and can be exercised within two years from the vesting date. This marks the first grant under the VSSL ESOP Plan 2025.