Key Quantitative Figures

The Nomination and Remuneration Committee (NRC) approved the grant of 11,94,830 stock options to eligible employees.

Dates of Action

The approval was granted on Friday, June 05, 2026, through circulation. The effective grant date is June 04, 2026.

Parties Involved

  • Grantor: Physicswallah Limited
  • Approving Authority: Nomination and Remuneration Committee (NRC)
  • Recipients: Eligible employees

ESOP Plan Details

  • Plan Name: Physicswallah Limited Employees' Stock Option Plan 2025 (ESOP Plan 2025)
  • Total Shares Covered: 11,94,830 equity shares of face value ₹1 each
  • Conversion: Each Stock Option is convertible into one fully paid-up equity share of ₹1 face value
  • Exercise Price: ₹1 per share
  • Compliance: The scheme is in terms of SEBI (SBEB) Regulations, 2021

Vesting and Exercise Terms

  • Vesting: Options shall vest as per the schedule determined by NRC and specified in the grant letter and ESOP Plan 2025
  • Exercise Period: Stock Options may be exercised anytime during the entire period of continuous active employment from the date of vesting

Significant Terms

  • ESOP Plan 2025 provides for treatment of options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment
  • Requisite adjustments will be made for corporate actions such as rights issue, bonus issue, stock split, consolidation, merger, amalgamation, sale of division/undertaking, or other reorganization
  • Equity shares allotted upon exercise will not be subject to lock-in
  • Shares arising from conversion will rank pari passu with all other equity shares of the Company from the date of allotment

Current Status

  • Options exercised: Not Applicable
  • Money realized by exercise: Not Applicable
  • Total shares from exercised options: Not Applicable
  • Options lapsed: Not Applicable
  • Variation of terms: Not Applicable
  • Subsequent changes: Not Applicable
  • Diluted EPS impact: Not Applicable

Additional Information

This disclosure will be hosted on the Company's website at https://www.pw.live/investor-relations.