Awfis Space Solutions Approves Grant of 16,166 Employee Stock Options under 2024 Scheme
Awfis Space Solutions Limited announced that its Nomination and Remuneration Committee (NRC) approved the grant of 16,166 Employee Stock Options (Options) on August 13, 2026. The decision was made under the Awfis Space Solutions Employee Stock Option Scheme - 2024 ('Scheme').The options were granted to eligible employees of the company. This initiative is part of the company's commitment to its workforce, as defined by the NRC in the approval meeting held that day.
The grant covered a total of 16,166 equity shares of Awfis Space Solutions Limited, which have a face value of Rs. 10/- each. The scheme allows for the allotment of fresh shares directly to employees via the direct route.
Key terms relating to the options were set by the NRC. The exercise price was determined at INR 191.84 per option. This pricing reflects a 30% discount applied to the average Market Price recorded on August 12, 2026.
The scheme stipulates that the vesting period for the options is four years, with vesting occurring upon completion of each 12 months. The NRC retains the authority to provide specific terms and conditions as laid out in the Grant Letter. Once vested, the Option holder holds the right to acquire an equal number of Equity Shares by paying the specified exercise price, applicable taxes, and other charges.
The scheme includes defined rules regarding employment cessation. For instance, if a leaver is categorized as a Good Leaver, all Vested Options must be exercised before or on the Cessation Date, while Unvested Options will be cancelled. In the event of the abandonment of service, all options (both vested and unvested) stand cancelled.
The following table summarizes the essential details pertaining to the granted stock options:
| Particulars | Details |
|---|---|
| Scheme Name | Awfis Space Solutions Employee Stock Option Scheme - 2024 |
| Number of Options Granted | 16,166 |
| Total Shares Covered | 16,166 equity shares (Face Value: Rs. 10/- each) |
| Exercise Price per Option | INR 191.84 |
| Vesting Period | Four Years (25% vesting upon completion of each 12 months) |
| Maximum Vesting Duration | Six years from the Grant Date |
In addition to the grant, related records indicate that 5,52,047 options had lapsed under the scheme. The NRC has also maintained that exercising Vested Options must occur within two years from the date of respective vesting.
AWFIS Stock Price Movement
Awfis Space Solutions Limited shares today slipped by 0.49% in post-market trading to settle at ₹272.1. The stock traded within a wide intraday range, hitting a high of ₹278.15 before finding support near the low of ₹270.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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