One 97 Communications has announced the approval of 1,77,044 new stock options for eligible employees under its 2019 scheme. Additionally, the company has allotted 70,504 equity shares, each with a face value of ₹1, following the exercise of vested options. These actions have increased the company’s total issued and paid-up equity share capital to 64,01,80,180 shares, reflecting continued employee participation in the firm’s growth.
New Stock Option Grants
On May 06, 2026, the company’s Nomination and Remuneration Committee approved the grant of 1,77,044 stock options to eligible employees under the One 97 Employees Stock Option Scheme 2019. The committee also acknowledged that 4,90,055 previously granted options have lapsed and been cancelled, ensuring the scheme remains aligned with current employee engagement goals.
Equity Share Allotment and Capital Structure
In a move to fulfill the exercise of vested options by employees, the company has successfully allotted 70,504 fully paid-up equity shares. Each of these shares holds a face value of ₹1. This exercise price for these options is set at ₹9 per share, with a premium of ₹8 per share. Following this allotment, the company’s total issued, subscribed, and paid-up equity share capital has risen from 64,01,09,676 to 64,01,80,180 equity shares.
Key Details of the Scheme
The shares issued under this process carry no lock-in period and are identical in all respects to existing shares, ranking pari-passu with the company’s current equity. The newly issued shares fall within the distinctive range of 65,56,76,423 to 65,57,46,926. This allotment reflects the ongoing implementation of the company’s incentive programs designed to retain and reward its workforce.
Source: BSE
