One 97 Communications Limited has announced the grant of 5,50,000 stock options to eligible employees under the One 97 Employees Stock Option Scheme 2019 (ESOP 2019). The approval was given by the Nomination and Remuneration Committee (NRC) on November 04, 2025. Each option is convertible into one fully paid-up equity share with a face value of ₹1.
Stock Option Grant Approved
The Nomination and Remuneration Committee (NRC) of One 97 Communications Limited has approved the grant of 5,50,000 stock options under the One 97 Employees Stock Option Scheme 2019 (ESOP 2019) to its eligible employees on November 04, 2025. The decision was made during a meeting that started at 07:30 p.m. (IST) and concluded at 07:45 p.m. (IST).
Key Details of the Grant
The ESOP 2019 scheme allows for the conversion of each stock option into one fully paid-up equity share, each having a face value of ₹1. The exercise price for each stock option is ₹9. The stock options can be exercised at any time during the continuous active employment period from the date the options vest.
Terms and Conditions
The scheme outlines how stock options will be handled in cases of death, permanent incapacity, resignation, termination, or retirement. Adjustments may be made in case of corporate actions such as rights issues, bonus issues, or mergers. Equity shares allotted through the exercise of these stock options will not be subject to a lock-in period.
Source: BSE
