Meesho Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the grant of stock options under its ESOP 2024 Plan.
The Nomination and Remuneration Committee of the Board of Directors approved the grant of 8,157 Stock Options to eligible employee(s) through a circular resolution passed on May 31, 2026.
Key Details of the Grant:
- Number of Options Granted: 8,157 Stock Options
- Conversion Terms: Each Option is convertible into 49 fully paid-up equity shares of face value Re. 1/- each
- Total Shares Covered: 399,693 equity shares of face value Re. 1 each (including requisite adjustment pursuant to corporate actions)
- Exercise Price: Re. 1/- per stock option
- Plan Compliance: The scheme is in terms of SEBI (SBEB) Regulations, 2021
Exercise Conditions:
- Options may be exercised at any time after the vesting period, provided the option grantee remains in employment with the Company
- In case of cessation of employment, all vested options as of the last working day may be exercised within 6 months from the date of cessation
Significant Terms:
- The ESOP 2024 Plan includes provisions for handling Stock Options in cases of death, permanent incapacity, resignation, termination, and retirement
- Equity shares allotted upon exercise of Stock Options are not subject to any lock-in period
Additional Information:
- The information will be available on the Company's website at https://investor.meesho.com/announcements
- The disclosure was signed by Rahul Bhardwaj, Company Secretary & Compliance Officer (Membership No.: A41649)
- Not applicable items: Options vested, Options exercised, Money realized by exercise, Total shares from exercise, Options lapsed, Variation of terms, Subsequent changes/cancellation, Diluted EPS