News ArticleVedanta Power Limited Approves Grant of Over 7.8 Million Employee Stock Options Under VPL ESOP 2026
Stock options priced at ₹10 per share vest after 36 months with an 8-month exercise window following vesting
Vedanta Power Limited has approved the grant of 7,811,356 performance-based employee stock options under its VPL ESOP 2026 plan. These options, exercisable at a ₹10 par value and convertible into equity shares, will vest after 36 months subject to performance conditions and can be exercised within 8 months post vesting.
Vedanta Power Limited
Corporate Action
Vedanta Power Limited has granted 7,811,356 performance-based employee stock options under its 2026 Employee Stock Option Plan (VPL ESOP 2026), including for key managerial personnel and senior management.
The options granted are convertible into an equal number of equity shares, each having a face value of ₹10, consistent with the par value pricing formula applied.
These options will vest after a 36-month performance period, subject to the fulfillment of specified performance conditions.
Eligible employees will have 8 months from the date of vesting to exercise their stock options.
The stock option scheme complies with the Securities and Exchange Board of India (SEBI) Share Based Employee Benefits and Sweat Equity Regulations, 2021.
Highlights
- 7,811,356 stock options granted under VPL ESOP 2026 plan
- Each option convertible into 1 equity share with ₹10 par value
- Vesting period of 36 months following grant date
- Options exercisable within 8 months after vesting period
- Grant includes key managerial personnel and senior management
Key Data Snapshot
What happened
- Vedanta Power Limited's Nomination and Remuneration Committee approved performance-based grants of 7,811,356 stock options under VPL ESOP 2026 on October 29, 2026.
- The grant is applicable to eligible employees including Key Managerial Personnel and Senior Management.
- The grant meeting started at 04:15 p.m. IST and ended at 04:20 p.m. IST on the same day.
Key details
- Each stock option is convertible into one equity share with a face value of ₹10.
- The stock options will vest after a performance period of 36 months from the grant date, contingent on achieving set performance conditions.
- Eligible employees must exercise the option within 8 months after the vesting date.
- The ESOP scheme adheres to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Background and context
- Vedanta Power Limited was formerly known as Talwandi Sabo Power Limited.
- The VPL ESOP 2026 is a part of the company's employee retention and performance incentive programs.
- The stock options incentivize performance and aim to align employees’ interests with company growth.
Highlights
- 7,811,356 stock options granted under VPL ESOP 2026 plan
- Each option convertible into 1 equity share with ₹10 par value
- Vesting period of 36 months following grant date
- Options exercisable within 8 months after vesting period
- Grant includes key managerial personnel and senior management
Disclosures
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
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