Vedanta Power: ESOPs Vested for 1.84 Cr Shares

Vedanta Power Ltd announced the vesting of Employee Stock Option Grants - 2023 under the ESOS 2016. A total of 1,84,14,252 options have vested, with 1,82,756 options for VPL and 53,33,584 options for VEDL and other resulting companies. These options were granted under the pre-demerger scheme and are subject to performance conditions. The vesting is a continuation of benefits following the composite scheme of arrangement effective May 1, 2026. Eligible employees can exercise these options within 8 months or as approved by the Nomination and Remuneration Committee (NRC). The exercise price is at par value.