Radico Khaitan Approves ESOP Grant; Shares Hold Near Flat

Mumbai, May 7: Alcoholic beverages maker Radico Khaitan approved grant of 60,000 employee stock options under its Employee Stock Option Scheme, 2006, according to an exchange filing submitted to the Bombay Stock Exchange and the National Stock Exchange of India.

The grant was approved by the company’s Nomination, Remuneration and Compensation Committee during its meeting held on May 6.

Radico Khaitan Grants 60,000 Stock Options Under ESOP Scheme

According to the filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, each stock option entitles the employee to subscribe to one fully paid-up equity share of the company.

The options were granted at an exercise price of ₹2,838.07 per option.

Radico Khaitan said the exercise price was determined at a 15% discount to the closing market price on May 5, 2026, quoted on the NSE.

As per the details shared in the annexure to the filing, employees who had completed one year of service on the grant date will receive 33% vesting in the first year, while the remaining options will vest equally over the following three years.

For employees who are yet to complete one year of service, vesting will take place at 25% annually over four years.

The company also said the exercise period for vested options has been fixed at three years from the respective vesting date.

The latest grant forms part of the company’s broader employee retention and long-term incentive framework, which is commonly used by listed companies to align employee performance with business growth.

Stock Market Snapshot

Radico Khaitan shares remained largely steady following the ESOP grant announcement, suggesting limited immediate market reaction to the development.

During market hours on May 6, the stock traded in the ₹3,340 to ₹3,425 range, according to exchange data.

Market participants largely viewed the ESOP approval as a routine compensation-related measure rather than a material earnings-related trigger.

The company had separately announced an ESOP-linked equity allotment earlier during the trading session.

Radico Khaitan Share Price as o May 07, Source: NSE

Premium Spirits Segment Remains Key Growth Focus

Radico Khaitan Limited operates in the alcoholic beverages industry with a portfolio spanning whisky, vodka, rum, gin and premium spirits brands.

The company has continued focusing on premiumisation and branded product expansion across domestic and international markets.

Its ESOP programme forms part of the company’s broader compensation structure aimed at retaining talent and incentivising long-term performance.

Conclusion

The latest ESOP grant approval reflects a routine employee compensation and retention initiative under Radico Khaitan’s existing stock option framework.

Investors are expected to remain focused on premium spirits demand, margin performance and growth in higher-end product categories as the company continues expanding its branded liquor business.

Source:

• https://www.nseindia.com/get-quote/equity/RADICO/Radico-Khaitan-Limited
• https://nsearchives.nseindia.com/corporate/RADICO_06052026155000_IntimationGrantofOptions.pdf