One 97 Communications Approves Grant of Over 15 Lakh Stock Options Under ESOP 2019
The Nomination and Remuneration Committee (NRC) of One 97 Communications Ltd approved the grant of a significant number of stock options to eligible employees under the Employee Stock Option Scheme 2019 (ESOP 2019). The company also noted the lapsing of certain stock options.The NRC meeting, held on July 20, 2026, sanctioned the allotment of 15,42,117 stock options to eligible employees as part of ESOP 2019. Additionally, the Committee took note that 5,87,147 stock options had lapsed in accordance with the terms and conditions of the scheme.
The granted options are covered under the ESOP 2019, which is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option is convertible into one fully paid-up equity share having a face value of ₹ 1. The exercise price for these stock options has been set at ₹ 9/- per option.
The granted stock options can be exercised anytime during the period of continuous active employment starting from the vesting date of the respective options.
Scheme Details and Terms
Key terms provided under ESOP 2019 include provisions regarding how the Stock Options would be managed in cases of death, permanent incapacity, resignation, termination, or retirement. The scheme also stipulates that appropriate adjustments must be made concerning any corporate actions, such as a rights issue, bonus issue, split, consolidation of equity shares, merger, amalgamation, or sale of division or undertaking, ensuring a fair and reasonable process. Furthermore, the equity shares allotted following the exercise of these Stock Options will not be subject to a lock-in period.The financial details and operational facts related to the ESOP 2019 are summarized in the table below:
| Particulars | Details |
|---|---|
| Total Stock Options Granted | 15,42,117 |
| Lapsed Options | 5,87,147 |
| Exercise Price per Option | ₹ 9/- |
| Shares Covered per Option | One |
The company confirmed that there were no subsequent changes, cancellations, or exercises of these options as of the reported date.
PAYTM Stock Price Movement
Today, the stock of One 97 Communications Limited edged higher in post-market trading, settling at ₹1347.50 after closing a gain of 0.04%. The equity saw significant activity during the session, with over 2.40 million shares traded.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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