Route Mobile has announced the cancellation of 500 stock options granted under its ESOP Plan 2021. The cancellation, noted and recorded by the Board of Directors on December 15, 2025, pertains to an eligible employee whose employment with the company has ceased. The decision reflects an adjustment in the company’s equity structure following workforce changes. The Board convened a meeting to address this matter, ensuring transparent handling of stock option allocations.
ESOP Adjustment
Route Mobile’s Board of Directors has approved the cancellation of stock options previously allocated under the Route Mobile ESOP Plan 2021. The decision, finalized on December 15, 2025, impacts a specific number of options linked to an employee departure.
Cancellation Details
The Board officially noted and recorded the cancellation of 500 (Five Hundred) stock options. These options were initially granted under the Route Mobile ESOP Plan 2021. The employee’s cessation of employment led to this adjustment in stock option allocation. The board meeting commenced at 1:30 P.M. and concluded at 3:25 P.M..
Source: BSE
