Shoppers Stop Limited — Others, 14-01-2025: ESOP/ESOS/ESPS

Shoppers Stop Limited's Nomination, Remuneration and Corporate Governance Committee has approved the grant of 23,116 Employee Stock Options (ESOPs) and 11,558 Restricted Stock Units (RSUs) under the ESOP Scheme 2022. The exercise price for the ESOPs is set at ₹721, while RSUs have a face value of ₹5. The vesting of ESOPs will occur over four years, while RSUs will vest over three years. This move aims to enhance employee retention and motivation, potentially boosting the overall productivity and operational efficiency of the company. Investors may view this as a positive outlook, reflecting a commitment to aligning employee interests with shareholder value.