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Intimation On Grant of ESOPs

The Nomination and Remuneration Committee of Avenue Supermarts Limited approved the grant of 12,37,250 stock options to eligible employees under the Company's Employee Stock Option Scheme 2023. The options were granted in three categories and will vest between 2026 to 2032 subject to performance parameters. Each option is exercisable into one fully paid equity share of face value Rs. 10 at a price of Rs. 3,350 per option within 3 months from the date of vesting. Shareholders had approved a maximum grant of 1,500,000 options under the scheme.

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190 views2 pages

Intimation On Grant of ESOPs

The Nomination and Remuneration Committee of Avenue Supermarts Limited approved the grant of 12,37,250 stock options to eligible employees under the Company's Employee Stock Option Scheme 2023. The options were granted in three categories and will vest between 2026 to 2032 subject to performance parameters. Each option is exercisable into one fully paid equity share of face value Rs. 10 at a price of Rs. 3,350 per option within 3 months from the date of vesting. Shareholders had approved a maximum grant of 1,500,000 options under the scheme.

Uploaded by

ketix20201
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We take content rights seriously. If you suspect this is your content, claim it here.
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1st September, 2023

To,
BSE Limited National Stock Exchange of India Ltd.
Corporate Services Department Corporate Communications Department
Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor,
Dalal Street, Bandra – Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051

BSE Scrip Code: 540376 NSE Scrip Symbol: DMART

Sub: Grant of stock options under Avenue Supermarts Limited Employee Stock Option Scheme
2023

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)


Regulations, 2015, we wish to inform you that Nomination and Remuneration Committee of the
Company at its meeting held today i.e. 1st September, 2023 approved grant of 12,37,250 (Twelve
Lakh Thirty Seven Thousand Two Hundred and Fifty) stock options to eligible employees as per the
Avenue Supermarts Limited Employee Stock Option Scheme 2023 (hereinafter referred as “ESOP
Scheme 2023”).

The requisite details pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated


13th July, 2023 are as follows:

Sr. No. Particulars Details


1. Brief details of options granted 12,37,250 options granted to eligible employees of
the Company and Subsidiary Companies under the
ESOP Scheme 2023 on 1st September, 2023.

The said options are granted under three categories


(Class A, Class B and Class C)
2. Whether the scheme is in The ESOP Scheme 2023 is in accordance with the SEBI
terms of SEBI (SBEB) (Share Based Employee Benefits and Sweat Equity)
Regulations, 2021 Regulations, 2021
3. Total number of shares One option shall be convertible into one fully paid-up
covered by these options equity share having face value of Rs. 10/- each

The total number of equity shares covered by these


options are 12,37,250
4. Pricing Formula Rs. 3,350/- (Rupees Three Thousand Three Hundred
and Fifty) per option shall be payable by option
grantees on exercising the options
5. Options vested The vesting dates of options granted is as mentioned
below and will be subject to the option grantees
meeting various performance parameters as
applicable at the time of vesting of options and as
determined by the Nomination and Remuneration
Committee as prescribed under ESOP Scheme 2023:
 Class A Options – 01.09.2032
 Class B Options – 01.09.2029
 Class C Options – 01.09.2026
6. Time within which option may The Exercise Period for exercising the vested options
be exercised shall be 3 (three) months from the date of vesting
7. Options exercised N.A.
8. Money realized by exercise of N.A.
options
9. The total number of shares N.A.
arising as a result of exercise of
option
10. Options lapsed N.A.
11. Variation of terms of options N.A.
12. Brief details of significant The shareholders of the Company at its Annual
terms General Meeting held on 10th August, 2023 approved
grant of upto 1,500,000 (Fifteen Lakh) options to
eligible employees of the Company and Subsidiary
Companies under the ESOP Scheme 2023 from time
to time
13. Subsequent changes or N.A.
cancellation or exercise of such
options
14. Diluted earnings per share N.A.
pursuant to issue of equity
shares on exercise of options.

Kindly take the same on your record.

Thanking you.

Yours faithfully,
For Avenue Supermarts Limited
Digitally signed by Ashu

Ashu Gupta Gupta


Date: 2023.09.01
18:42:32 +05'30'

Ashu Gupta
Company Secretary & Compliance Officer

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