Key Details of the ESOP Grant:
- Total Options Granted: 4,179,012 stock options
- ESOP Plans: The grant is distributed across three separate plans:
- Foodie Bay Employee Stock Option Plan 2014 (ESOP 2014): 130 options
- Zomato Employee Stock Option Plan 2021 (ESOP 2021): 3,023,519 options
- Zomato Employee Stock Option Plan 2024 (ESOP 2024): 1,155,363 options
- Conversion Ratio: Each stock option is convertible into one fully paid-up equity share.
- Total Shares Covered: The options are convertible into 5,049,882 equity shares of face value ₹1 each. This figure includes requisite adjustments made pursuant to corporate actions as provided under the ESOP schemes.
- Exercise Price: The exercise price is ₹1 per stock option.
- Compliance: The schemes are in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Exercise Period:
- For options under ESOP 2014 and ESOP 2021: They can be exercised within 10 years from the date of vesting OR 12 years from the date of listing, whichever is later.
- For options under ESOP 2024: They can be exercised within 10 years from the date of vesting.
Significant Terms:
The scheme documents provide detailed provisions for handling stock options in cases of employee death, permanent incapacity, resignation, termination, retirement, or abandonment.
- Lock-in: Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period.
Additional Information:
- The company's registered address is Ground Floor 12A, 94 Meghdoot, Nehru Place, New Delhi -110019, India.
- Its Corporate Identification Number (CIN) is L93030DL2010PLC198141.
- This information is also available on the company's website at www.eternal.com.
Additional Announcements:
The filing is solely focused on the ESOP grant disclosure. No other corporate announcements or updates were included.