Aye Finance Limited's Nomination and Remuneration Committee approved the grant of 514 (Five Hundred and Fourteen) Options under the Aye Finance Employee Stock Option Plan 2024 (ESOP 2024) at its meeting held on October 16, 2026.
- Total Options Granted: 514
- Shares Covered: Each option is convertible into 1 equity share with a face value of ₹2.
- Exercise Price: The pricing formula applies a 5% discount to the market price. The calculated exercise price is ₹151.90 per option.
- Market Price Definition: The latest available closing price on the recognized stock exchange with the higher trading volume on the date immediately prior to the grant date (Relevant Date).
- Vesting Period: Options will vest over a period of not less than 1 (one) year and not more than 4 (four) years from the date of grant.
- Exercise Period: Vested options can be exercised within 5 (five) years from the date of vesting.
- Share Ranking: Equity shares allotted upon exercise of the options will rank pari-passu with all other existing equity shares of the company from the date of allotment.
- Transferability: Shares issued upon exercise will be freely transferable with no lock-in period, subject to applicable laws.
- Plan Administration: The ESOP 2024 plan is administered by the Nomination and Remuneration Committee and is implemented through a direct route.
- Compliance: The grant is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Additional Announcements:
The meeting of the Nomination and Remuneration Committee commenced at 3:00 P.M. IST and concluded at 5:10 P.M. IST on October 16, 2026.