Billionbrains Garage Ventures Limited has granted 325,014 stock options to eligible employees under its Employee Stock Option Scheme 2024 ("Scheme") on September 08, 2026. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026.
Key Details of ESOP Grant:
- Number of options granted: 325,014 stock options
- Scheme: Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
- Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Share conversion: Each stock option is convertible into one fully paid-up equity share of face value ₹2 each
- Total shares covered: 325,014 equity shares of face value ₹2 each
- Exercise price: ₹2 per stock option
- 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. The disclosure includes requisite adjustments pursuant to corporate actions as provided under the ESOP scheme.
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