Devyani International Approves ESOP Grant Of 4.26 Lakh Employee Stock Options

Mumbai, May 15: Devyani International Limited approved the grant of 4,26,300 stock options under the company’s Employees Stock Option Scheme 2021 (ESOP 2021), according to an exchange disclosure.

The company stated that the Nomination and Remuneration Committee of the Board, in its meeting held on May 15, 2026, approved the stock option grants to eligible employees.

As per the disclosure, each stock option is convertible into one fully paid-up equity share having a face value of ₹1 each. The company stated that a total of 4,26,300 equity shares are covered under the approved stock options.

According to the filing, the exercise price for the stock options has been fixed at ₹103.50 per option as determined by the Nomination and Remuneration Committee.

The company further disclosed that the stock options may be exercised within five years from the date of vesting. The vesting period for employees will be governed by the terms specified in the grant letters, with a minimum one-year gap between grant and vesting.

The filing also clarified that shares arising from exercise of the options would rank pari passu with existing equity shares from the date of allotment.

Stock Market Snapshot

Devyani International shares traded largely unchanged on May 15, 2026, following the ESOP announcement.

As of 3:14 PM IST on May 15, 2026, the stock was trading at ₹118.08 on the National Stock Exchange, up marginally by 0.04% from the previous close of ₹118.03, according to exchange data.

The Devyani share price moved between ₹115.13 and ₹119.52 during the trading session. The stock witnessed volatility before stabilising near the previous closing level.

The company’s market stood at approximately ₹14,220 crore based on exchange data.

Company Background

Devyani International Limited operates in the quick service restaurant and food services segment.

The company is among the largest franchise operators for international food service brands in India and manages restaurant chains across dine-in, takeaway and delivery-focused formats.

Its portfolio includes operations across multiple quick service restaurant brands in India and overseas markets.

Conclusion

The latest ESOP grant reflects Devyani International’s continued use of equity-linked incentives for employee retention and long-term performance alignment.

Employee stock option schemes remain a commonly used compensation mechanism in consumer-facing and growth-oriented businesses. The stock traded largely unchanged following the disclosure.

Source:

• https://www.nseindia.com/get-quote/equity/DEVYANI/Devyani-International-Limited
• https://nsearchives.nseindia.com/corporate/DEVYANI_15052026124207_SE_Intimation_ESOPgrant_15052026sd.pdf