StockWatch
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Oil Exploration & Production
ESOP29 Jul 2026, 05:31 pm

Vedanta Oil and Gas Approves ESOP and ESPP Plans

AI Summary

Vedanta Oil and Gas Ltd's Board of Directors has approved the formulation and implementation of the Vedanta Oil and Gas Limited - Employee Stock Option Plan 2026 (VOGL ESOP 2026) and Vedanta Oil and Gas Limited - Employee Stock Purchase Plan 2026 (VOGL ESPP 2026). These plans aim to grant options to eligible employees and subsidiaries, covering up to 5% of the company's total paid-up share capital. The implementation will be through a trust route involving secondary acquisition of existing equity shares. Additionally, Mr. Pulak Modi has been designated as the Vice Chairman of the Board. The plans are subject to shareholder approval and comply with SEBI regulations.

Key Highlights

  • Vedanta Oil and Gas approves new ESOP and ESPP plans.
  • Plans cover up to 5% of total paid-up share capital.
  • Implementation via ESOS Trust and secondary acquisition.
  • Mr. Pulak Modi appointed as Vice Chairman.
  • Plans require shareholder approval and comply with SEBI regulations.