Jubilant Foodworks Limited has announced the grant of a total of 74,967 stock options under its Employees Stock Option Schemes, as per the decision made by the Nomination, Remuneration and Compensation Committee (NRC) on 20 May 2026. The meeting, which began at 2:15 p.m. and concluded at 2:55 p.m., approved the allocation of stock options to eligible employees.
The stock options have been granted under two schemes: the JFL Employees Stock Option Scheme 2011 (ESOP 2011) and the JFL Employees Stock Option Scheme 2025 (ESOP 2025). Under ESOP 2011, 41,474 stock options were granted, while ESOP 2025 saw the allocation of 33,493 stock options.
Each stock option under both schemes is convertible into one equity share of the company, with a face value of ₹2 per share. The exercise price for the ESOP 2011 options is set at ₹473 per stock option, which corresponds to the closing market price of the company’s equity share on the NSE as of 19 May 2026. For ESOP 2025, the exercise price is ₹2 per stock option, as approved by the NRC.
The vesting schedule for the ESOP 2011 options is staggered, with 20% vesting on the first anniversary of the grant, 30% on the second anniversary, and the remaining 50% on the third anniversary. The ESOP 2025 options are set to vest 100% between one to three years from the date of grant, subject to fulfilment of pre-vesting conditions outlined in the grant letter.
The exercise period for the ESOP 2011 options is seven years from the first vesting date, while the ESOP 2025 options have an exercise period as approved by the NRC, not earlier than one year from the vesting date.
These grants are in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).