Eternal Ltd. Approves Stock Option Grants for Employees
Eternal Ltd. announced that its Nomination and Remuneration Committee approved a total grant of 7,418,741 stock options on April 1, 2026. The grants were issued under the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021, and Zomato Employee Stock Option Plan 2024.The stock option grants are compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option is convertible into one fully paid-up equity share with a face value of ₹ 1. A total of 7,673,303 equity shares are covered by the granted stock options, inclusive of adjustments from corporate actions. The exercise price is ₹ 1 per option.
The options granted under ESOP 2014 and ESOP 2021 can be exercised within 10 years from the vesting date or 12 years from the date of listing, whichever is later. Options granted under ESOP 2024 can be exercised within 10 years from the vesting date.
A detailed breakdown of the options granted is presented below:
| Scheme | Number of Options Granted |
|---|---|
| ESOP 2014 | 38 |
| ESOP 2021 | 1,802,224 |
| ESOP 2024 | 5,616,479 |
The equity shares allotted following the exercise of stock options will not be subject to lock-in.
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