Key Quantitative Figures
- Number of stock options granted: 1,35,555
- Face value of underlying equity shares: ₹2 each
- Exercise price per stock option: ₹2
- Total shares covered by options: 1,35,555 equity shares of ₹2 each
Scheme Details
- Scheme name: Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
- Compliance status: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Conversion ratio: Each stock option is convertible into one fully paid-up equity share
- Exercise period: 10 years from the date of vesting, subject to the terms and conditions of the Scheme
Additional Terms
The Scheme provides for the manner in which Stock Options would be dealt with in case of death, permanent incapacity, resignation, termination, retirement, etc.
Not Applicable Items
The following items were marked as "Not Applicable" as the disclosure pertains only to the grant of options:
- Options Vested
- Options Exercised
- Options Lapsed
- Variation of terms of options
- Subsequent changes or cancellation or exercise of such options
- Diluted earnings per share pursuant to issue of equity shares on exercise of options
- Money realized by exercise of options
- Total number of shares arising as a result of exercise of option