One 97 Communications Limited (Paytm) disclosed pursuant to Regulation 30 of SEBI Listing Regulations that the Nomination and Remuneration Committee (NRC) of the Board approved the grant of 15,42,117 stock options to eligible employees under the company's ESOP 2019 scheme.
The NRC meeting was held on Monday, July 20, 2026, commencing at 05:30 p.m. IST and concluding at 06:05 p.m. IST.
Key Details of ESOP Grant:
- Number of Options Granted: 15,42,117 stock options
- Exercise Price: ₹9 per stock option
- Share Conversion: Each stock option is convertible into one fully paid-up equity share of face value ₹1 each
- Total Shares Covered: 15,42,117 equity shares
- Exercise Period: Stock options may be exercised anytime during the entire period of continuous active employment from the date of vesting
- Scheme Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Significant Terms:
- The scheme provides specific provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment
- Requisite adjustments will be made for corporate actions such as rights issues, bonus issues, stock splits, consolidations, mergers, amalgamations, or reorganizations
- Equity shares allotted upon exercise of stock options are not subject to any lock-in period
Lapsed Options:
The Committee noted that 5,87,147 stock options lapsed in accordance with the terms and conditions of ESOP 2019.
Additional Information:
The disclosure was signed by Sunil Kumar Bansal, Company Secretary and Compliance Officer (FCS: 4810), and will be hosted on the company's investor relations website at https://ir.paytm.com/.