Billionbrains Garage Ventures Limited (Groww) has intimated the stock exchanges regarding the grant of employee stock options, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
- Number of options granted: 392,613 stock options
- Face value of underlying shares: ₹2 each
- Exercise price: ₹2 per stock option
- Total shares covered: 392,613 equity shares of face value ₹2 each
Scheme Details
- Scheme name: Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
- Exercise period: 10 years from the date of vesting
- Conversion terms: Each stock option is convertible into one fully paid-up equity share
- Adjustments: Provides for requisite adjustments pursuant to corporate actions as per the ESOP scheme
Significant Terms
The scheme includes provisions for handling stock options in cases 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
Additional Information
The information has been made available on the company's website at www.groww.in.