Zaggle has announced the approval of granting 2,50,000 (Two Lakhs Fifty Thousand) Stock Options to its eligible employees. The grant is made under the company’s Zaggle Employee Stock Option Scheme 2022 (Zaggle ESOP 2022). The exercise price for each option is set at ₹151, determined as a 25% discount to the closing market price on August 13, 2026. The Nomination and Remuneration Committee approved the grant on August 14, 2026.
Zaggle Approves Employee Stock Option Grant
Zaggle has officially approved the grant of a substantial number of employee stock options. The Nomination and Remuneration Committee of the company sanctioned the grant of 2,50,000 (Two Lakhs Fifty Thousand) Stock Options to eligible employees. This initiative is part of the company’s established Zaggle Employee Stock Option Scheme 2022, also referred to as Zaggle ESOP 2022.
Key Details of the ESOP Grant
The decision, made during a meeting on Friday, August 14, 2026, outlines several critical details regarding the stock options. Each stock option granted is convertible into one fully paid-up equity share of the company with a face value of ₹1. Consequently, a total of 2,50,000 equity shares are covered by this grant.
Pricing and Exercise Terms
The exercise price for each stock option has been fixed at ₹151. This price was determined based on a 25% discount to the closing market price of the company’s share on the day preceding the committee meeting, specifically August 13, 2026. The stock options are vested according to the terms of the ESOP 2022 and can be exercised by grantees from the first date of vesting until ten years from the final tranche’s vesting, subject to specific conditions outlined in the scheme.
The company has confirmed that the Zaggle ESOP 2022 is administered by the Nomination and Remuneration Committee/Compensation Committee and adheres to the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The equity shares allotted upon exercise of these options will not be subject to a lock-in period.
Source: BSE
