Scrip Code / Symbol:

BSE Scrip Code: 544181 | NSE Scrip Symbol: AWFIS | ISIN: INE108V01019

Key Points to Include:

Nature and Purpose of the Meeting

The Nomination and Remuneration Committee (NRC) meeting was held to approve the grant of Employee Stock Options (ESOPs) under the Awfis Space Solutions Employee Stock Option Scheme – 2024.

Details of Resolutions Passed

The committee approved the grant of 16,166 options to eligible employees.

The effective grant date is August 13, 2026.

The exercise price is INR 191.84 per option, representing a 30% discount on the average market price of the preceding trading day (August 12, 2026).

The options cover 16,166 equity shares of the company, each with a face value of Rs. 10.

Financial Impact

The grant represents a potential equity dilution of 16,166 shares upon full exercise. The document does not specify the total capital to be realized, as this is contingent on future exercise of the options.

Timing of the Meeting

The NRC meeting commenced at 02:30 P.M. (IST) and concluded at 02:42 P.M. (IST).

Compliance References

The disclosure is made in compliance with:

  • Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The scheme is stated to be in terms of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

Other Material Disclosures

Vesting Schedule: The vesting period is four years, with 25% of the options vesting upon the completion of each 12-month period.

Exercise Period: Vested options must be exercised within a maximum period of 2 (Two) years from their respective vesting dates.

Lapsed Options: The document notes that 5,52,047 options have lapsed previously.

Scheme Administration: The scheme is administered by the NRC and will be implemented via the 'Direct route,' meaning the company will allot fresh shares directly to employees upon exercise.

Leaver Provisions: Detailed terms are provided for various scenarios upon cessation of employment (Death, Permanent Incapacity, Good Leaver, Bad Leaver, Abandonment, Transfer, Long Leave, Dispute). Notably, in the case of death, all granted options (vested and unvested) immediately vest and are exercisable by legal heirs/nominees within 12 months.

The document does not disclose the specific identities of the eligible employees receiving the grant or the intended use of proceeds from potential future option exercises.