Key Quantitative Figures
The Nomination and Compensation Committee approved the grant of 390,000 stock options. These options cover 390,000 equity shares of face value of ₹10 each, fully paid-up.
Dates of Action
The circular resolution approving the grant was passed on August 18, 2026. The date and time of occurrence of this event is August 18, 2026, at 04:30 P.M. IST.
Parties Involved
The grant was approved by the Nomination and Compensation Committee of OnMobile Global Limited. The options are granted to eligible employees of the company. The disclosure is signed by P V Varaprasad, Company Secretary (FCS 5877).
Scheme Details
The options are granted under Employee Stock Option Plan 1, 2012. The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Pricing Formula
The options are priced at Fair Market Value on the date of passing the circular resolution (August 18, 2026).
Vesting and Exercise Terms
The vesting period shall be determined by the Nomination & Compensation committee, with a minimum vesting period of 1 year. Options may be exercised within a period of five years from the date of vesting.
Plan Administration
The plan is administered by the Nomination & Compensation Committee. Grant of options is based upon the eligibility criteria mentioned in the Policy.
Current Status
Options have not yet vested, been exercised, lapsed, or undergone any variation of terms. The diluted earnings per share impact is not applicable at this stage.