Shoppers Stop Limited — Others, 17-07-2025: ESOP/ESOS/ESPS

Shoppers Stop's Nomination, Remuneration and Corporate Governance Committee has approved the vesting of 7,457 Restricted Stock Units (RSUs) under its Employee Stock Option Plan 2022 to eligible employees. These RSUs will convert into an equal number of equity shares, each with a face value of Rs. 5, upon exercise. The vesting is split, with 2,641 RSUs and 4,816 RSUs approved for vesting at Rs. 5 each. Employees will have two years from their respective vesting dates to exercise these options. This move is part of the company's employee benefit and retention strategy.