Meesho Limited has granted a total of 20,857 Stock Options to eligible employees under its Employee Stock Option Plan, 2024 ("ESOP 2024 Plan").
Key Details of the Grant:
- Face Value: Re. 1/- per equity share
- Exercise Price: Re. 1/- per stock option
- Conversion Ratio: Each stock option is convertible into 49 fully paid-up equity shares
- Total Shares Covered: The grant covers 10,21,993 equity shares of face value Re. 1 each. This includes requisite adjustments pursuant to corporate actions as provided under the ESOP 2024 Plan.
Plan Compliance:
- The scheme is in terms of SEBI (SBEB) Regulations, 2021.
- The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The disclosure also references SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Exercise Terms:
- The options may be exercised at any time after the vesting period, provided the option grantee is in employment with the Company.
- In the event of cessation of employment, all vested options as on the last working day may be exercised within 6 (Six) months from the date of cessation.
- The equity shares allotted upon exercise of the Stock Options will not be subject to any lock-in period.
Other Significant Terms:
- The ESOP 2024 Plan provides specific terms for dealing with Stock Options in cases of death, permanent incapacity, resignation, termination, and retirement.
- The grant was approved by the Nomination and Remuneration Committee of the Board of Directors via a circular resolution passed on September 29, 2026.
Additional Information:
- The information has been filed with the National Stock Exchange of India Limited and BSE Limited.
- The announcement is signed by Rahul Bhardwaj, Company Secretary & Compliance Officer (Membership No.: A41649).
Additional Announcements
This filing is solely regarding the grant of ESOPs and contains no other corporate updates.