AAVAS Financiers has provided an update regarding its Employee Stock Option Scheme 2025 (ESOP Scheme-2025). The company reaffirms adoption of the direct route for implementation of the ESOP Scheme 2025, as resolved on September 25, 2025. Any change in the mode of implementation from Direct to Trust will require Shareholder’s approval. An amendment was made to reflect language consistent with regulations.
ESOP Scheme-2025 Implementation
AAVAS Financiers clarified its implementation mode for the Employee Stock Option Scheme – 2025 (ESOP Scheme-2025). While the AGM notice mentioned both direct implementation and implementation through a trust, the intention behind including the trust route was to allow for flexibility.
The Nomination and Remuneration Committee, on September 25, 2025, reaffirmed the adoption of the direct route for implementing ESOP Scheme 2025. Shifting from a direct route to a trust model will necessitate shareholder approval.
Amendment to ESOP Scheme-2025
An amendment has been made to Clause 11.2 of the ESOP Scheme-2025. This change ensures consistency by clarifying that the maximum number of options granted under the scheme will not be equal to or exceed 1 percent of the issued capital (excluding outstanding warrants and conversions), aligning with existing regulations.
Source: BSE
