Physicswallah Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 regarding the allotment of equity shares under its employee stock option plan.
Board Approval
The Board of Directors approved the allotment via circular resolution on November 14, 2026.
Share Characteristics
The newly allotted equity shares will rank pari passu with the existing equity shares of the Company in all respects.
Capital Structure Impact
Consequent to the allotment, the paid-up share capital of the Company has increased from INR 2,90,86,72,804 to INR 2,91,01,43,512.
ESOP Plan Details
The ESOP scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Exercise Details
- Total options exercised: 4,08,530
- Money realized by exercise of options: INR 4,08,530
- Total shares allotted after corporate action adjustments: 14,70,708 equity shares
- Exercise price: INR 1 per stock option
Significant Terms of ESOP Plan 2022
The plan includes provisions for handling options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment. The plan also provides for requisite adjustments in case of corporate actions such as rights issue, bonus issue, stock split, consolidation, merger/amalgamation, or other reorganization events.
Corporate Action Adjustment
Pursuant to a bonus issue of 35 equity shares for every 1 equity share approved by the Board on March 4, 2025, and shareholders on March 5, 2025, appropriate adjustments were made to the options exercised under ESOP Plan 2022.
Financial Impact
The diluted earnings per share (DEPS) post-allotment is calculated at INR 0.37. This calculation is based on the financial results for the quarter ended September 30, 2026, and reflects the full dilutive effect of the shares issued upon exercise of the options.