VIP Industries Limited — Important, 23-10-2024: Updates

V.I.P. Industries has granted 80,000 Employee Stock Appreciation Rights (ESARs) to eligible employees as part of its 2018 ESARP plan. The ESARs, which can be exercised within five years of vesting, are priced at a discount of Rs. 200 or 30% of the closing market price, whichever is lower. Currently, 12,45,000 ESARs from prior grants are vested. The plan is compliant with SEBI regulations and has received necessary approvals from the stock exchanges.