One 97 Communications Limited, the parent company of Paytm, has approved the grant of 1,93,072 stock options to eligible employees under its ESOP 2019 scheme. Additionally, the company has approved the allotment of 2,69,796 equity shares upon the exercise of vested options. This action results in an increase of the company’s issued, subscribed, and paid-up equity share capital.
Employee Stock Option Grant Approved
At a meeting held on October 26, 2026, the Nomination and Remuneration Committee of One 97 Communications Limited approved the grant of 1,93,072 stock options. These options are designated for eligible employees under the One 97 Employees Stock Option Scheme 2019. The committee also noted that 6,84,121 stock options have lapsed or been cancelled.
Equity Share Allotment and Capital Increase
Furthermore, the committee approved the allotment of 2,69,796 fully paid-up equity shares. These shares, each with a face value of ₹1, are being issued to eligible employees upon the exercise of their vested options from the One 97 Employees Stock Option Scheme 2019. Consequently, the company’s issued, subscribed, and paid-up equity share capital has been revised. The total equity share capital has increased from 64,21,07,701 shares to 64,23,77,497 shares, with the total issued share capital now standing at ₹64,23,77,497.
Scheme Details and Terms
The granted stock options have an exercise price of ₹9 per option. These options are convertible into one fully paid-up equity share of face value ₹1 each. The exercise period is tied to the employee’s continuous active employment from the date of vesting. The scheme also outlines provisions for circumstances such as death, incapacity, resignation, termination, retirement, and abandonment. It further details the treatment of options in the event of corporate actions like rights issues, bonus issues, splits, mergers, amalgamations, or sales of undertakings. Importantly, equity shares allotted upon exercise will not be subject to any lock-in period. The company also noted that 6,82,951 options have lapsed and 1,170 options have been cancelled.
Source: BSE
