The Nomination and Remuneration Committee of One 97 Communications Limited, at its meeting held on October 26, 2026, approved the allotment of 2,69,796 equity shares having a face value of ₹1 each as fully paid-up to eligible employees upon exercise of vested options under the One 97 Employees Stock Option Scheme 2019 (ESOP 2019).

The exercise price per share was ₹9, resulting in a premium of ₹8 per share. The distinctive numbers of the shares allotted range from 65,76,74,448 to 65,79,44,243 (both inclusive).

Consequent to this allotment, the company's issued, subscribed and paid-up equity share capital increased from 64,21,07,701 equity shares (₹64,21,07,701) to 64,23,77,497 equity shares (₹64,23,77,497).

The shares were issued in dematerialized form with ISIN INE982J01020 and rank pari-passu with the existing equity shares of the company. There is no lock-in period on these shares.

The committee also granted 1,93,072 new stock options under the same ESOP 2019 scheme and noted that 6,84,121 stock options had lapsed and been cancelled (comprising 6,82,951 lapsed options and 1,170 cancelled options).

Compliance Details:

  • The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • The ESOP scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • The statement under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 has been filed
  • Original scheme filings were made with NSE (Filing numbers 29276 & 30286) and BSE (Filing numbers 143088 & 148040) on December 6, 2021 and March 8, 2022
  • The NRC meeting commenced at 7:42 p.m. IST and concluded at 7:50 p.m. IST on October 26, 2026

Additional Announcements:

The disclosure includes significant terms of the ESOP scheme covering treatment of options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment. The scheme also provides for adjustments in case of corporate actions such as rights issue, bonus issue, stock split, consolidation, merger, amalgamation, or sale of division/undertaking.