Awfis Space Solutions Limited has announced a fresh allotment of 22,695 equity shares following the exercise of vested employee stock options under its 2015 scheme. Simultaneously, the company has approved the grant of 61,830 new employee stock options under its 2024 scheme. These developments reflect the company’s ongoing commitment to employee incentivization and retention as it continues to expand its footprint in the flexible workspace market.
Equity Allotment Details
On May 25, 2026, the company successfully allotted 22,695 equity shares to eligible employees. These shares, with a face value of Rs. 10 each, were issued following the exercise of vested options under the Employee and Director Stock Option Scheme 2015. As a result of this issuance, the company’s paid-up equity capital has increased to Rs. 71,56,31,860, now comprising 7,15,63,186 total equity shares.
New Employee Stock Option Grant
In addition to the share allotment, the company has granted 61,830 stock options to eligible employees under the Awfis Space Solutions Employee Stock Option Scheme – 2024. Each option is convertible into one equity share of face value Rs. 10. The grant was approved with an exercise price of INR 240 per option, which incorporates a 30% discount on the average market price of the preceding trading day.
Scheme Structure and Vesting
The newly granted options under the 2024 scheme follow a clear vesting schedule, with 25% of the options vesting upon completion of every 12 months over a four-year period. This structured approach aims to align long-term employee performance with the company’s growth objectives. The options must be exercised within specified tranches following the vesting period, ensuring sustained engagement and long-term value creation for both the employees and the organization.
Source: BSE
