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Vedanta approves plans to allocate up to 19.5 million shares to employees
30-Jul-2026, 03:56
Vedanta Limited’s board approved two new employee benefit plans on July 30, 2026: the VEDL ESOP 2026 (Employee Stock Option Plan) and the VEDL ESPP 2026 (Employee Share Purchase Plan). The ESOP plan allows eligible employees to acquire up to 16,620,4184 shares, representing 4.25% of the company's paid-up capital, while the ESPP plan allocates up to 2,93,30,150 shares, or 0.75% of the paid-up capital. Both plans will be administered through the Vedanta Limited ESOS Trust (VEDL Trust), which will acquire shares on the open market, and are designed to comply with SEBI regulations. Shareholder approval will be required for implementation, and the total shares held by the trust across all schemes cannot exceed 5% of the company's paid-up equity.
Vedanta Limited’s board approved two new employee benefit plans on July 30, 2026: the VEDL ESOP 2026 (Employee Stock Option Plan) and the VEDL ESPP 2026 (Employee Share Purchase Plan). The ESOP plan allows eligible employees to acquire up to 16,620,4184 shares, representing 4.25% of the company's paid-up capital, while the ESPP plan allocates up to 2,93,30,150 shares, or 0.75% of the paid-up capital. Both plans will be administered through the Vedanta Limited ESOS Trust (VEDL Trust), which will acquire shares on the open market, and are designed to comply with SEBI regulations. Shareholder approval will be required for implementation, and the total shares held by the trust across all schemes cannot exceed 5% of the company's paid-up equity.