Shiprocket Limited has approved the grant of 6,526 stock options to its eligible employees under the Shiprocket Employees Stock Option Scheme 2016 (ESOP 2016). The Nomination and Remuneration Committee (NRC) made this approval on November 5, 2026. Each option is convertible into 266 fully paid-up equity shares with a face value of ₹10, covering a total of 17,35,916 equity shares. The exercise price is set at ₹10 per option.
Shiprocket Approves ESOP Grant
Shiprocket Limited announced today that its Nomination and Remuneration Committee (NRC) has approved the grant of 6,526 stock options to its employees. This grant falls under the company’s existing Shiprocket Employees Stock Option Scheme 2016 (ESOP 2016). The decision was made during a committee meeting held on Thursday, November 5, 2026.
Key Details of the Grant
The newly approved stock options are intended for eligible employees of Shiprocket. Each stock option granted provides the holder the right to convert it into 266 fully paid-up equity shares of the Company. These equity shares carry a face value of ₹10 per share. Cumulatively, these stock options cover a total of 17,35,916 equity shares.
Option Terms and Conditions
The exercise price for each stock option has been fixed at ₹10. The company clarified that these stock options will rank pari passu with the existing equity shares of Shiprocket and will not be subject to any lock-in period. All other terms and conditions associated with these options will be governed by the ESOP 2016 scheme.
The information regarding this grant has been made available on the company’s official website at www.shiprocket.in.
Source: BSE
