V.I.P. Industries grants 300,000 ESARs to eligible employees

V.I.P. Industries Limited's nomination and remuneration committee approved the grant of 300,000 employee stock appreciation rights (ESARs) to eligible employees under its VIP Employees Stock Appreciation Rights Plan 2018. This decision was made during a meeting held on September 23, 2025. The ESARs will be issued at a discount of INR 388 per share.

The total number of shares covered by the ESARs, including earlier grants, will not exceed 17,06,587 equity shares. The scheme aligns with SEBI (Share Based Employee Benefits and Equity) Regulations 2021. The company confirmed that 15,35,000 ESARs from earlier grants have already vested.

The vested ESARs can be exercised within a five-year period from their vesting date. V.I.P. Industries has obtained in-principle approval from the stock exchanges where it is listed, governing these ESOPs under the ESARP 2018/Plan.