One 97 Communications (Paytm) announced the grant of 1,23,908 stock options to eligible employees under the One 97 Employee Stock Option Scheme 2019 (“ESOP 2019”). The Nomination and Remuneration Committee approved the grant on January 03, 2026. The committee also noted the lapse of 4,25,702 stock options. Each option is convertible into one fully paid-up equity share.
ESOP 2019 Grant Details
On January 03, 2026, the Nomination and Remuneration Committee of One 97 Communications approved the grant of 1,23,908 stock options under its Employee Stock Option Scheme 2019 (“ESOP 2019”). The committee also acknowledged the lapse of 4,25,702 previously granted stock options.
Key Terms of the Stock Options
Here’s a breakdown of the significant terms related to this grant:
- Options Granted: 1,23,908
- Scheme: Governed by SEBI Regulations
- Convertibility: Each stock option converts into one fully paid-up equity share.
- Exercise Price: ₹9 per stock option.
- Exercise Window: Options can be exercised during continuous active employment, following the vesting period.
Additional Details
The scheme outlines the handling of stock options in various scenarios, including death, resignation, or termination of employment. Adjustments will be made for corporate actions like rights issues or mergers. Shares issued upon exercise are not subject to lock-in periods.
Source: BSE
