Zaggle Awards 250,000 Stock Options Under ESOP 2022
Zaggle Prepaid Ocean Services Limited announced the grant of stock options to eligible employees under the Zaggle Employee Stock Option Scheme 2022 (Zaggle ESOP 2022). The decision was made by the company's Nomination and Remuneration Committee / Compensation Committee on August 14, 2026.The committee approved the issuance of 2,50,000 Stock Options to eligible employees. The Zaggle ESOP 2022 aligns with the terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Each stock option is convertible into one fully paid up equity share, each having a face value of ₹ 1/-. The exercise price for these options is set at ₹ 151/- per stock option. This pricing was determined as a 25% discount to the closing market price of the Company’s shares on August 13, 2026.
Key operational details regarding the granted options are presented below:
| Parameter | Detail |
|---|---|
| Total Options Granted | 2,50,000 |
| Option Expiry Period | From the first date of vesting until ten years from the vesting of the final tranche. |
| Options Vested | Not applicable |
| Options Exercised | Not Applicable |
| Money Realized by Exercise | Not Applicable |
The Zaggle ESOP 2022 is administered by the Nomination and Remuneration Committee/Compensation Committee. The scheme encompasses terms for dealing with stock options in scenarios such as resignation, termination, death, or permanent incapacity. Furthermore, the scheme mandates that requisite adjustments will be made to the number of Stock Options in case of corporate actions like a rights issue, bonus issue, split or consolidation of equity shares, merger/amalgamation, or sale of division/undertaking. The equity shares allotted upon exercising these options is not subject to any lock-in period.
ZAGGLE Stock Price Movement
Zaggle Prepaid Ocean Services Limited is edging higher to ₹201.74 as of 2:03 PM, successfully gaining ₹0.70 or 0.35% in live trading. The stock has seen a substantial flow of activity, with 412,924 shares traded so far during the session.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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