Physicswallah Limited has made a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Nomination and Remuneration Committee (NRC) of the Company, through circulation on Saturday, July 11, 2026, approved the grant of 2,23,100 stock options to eligible employees under the Physicswallah Limited Employees' Stock Option Plan 2025 (ESOP Plan 2025).

Key Details of ESOP Grant:

  • Number of Options Granted: 2,23,100 stock options
  • Effective Date: July 10, 2026
  • Compliance: The scheme is in terms of SEBI (SBEB) Regulations, 2021
  • Share Coverage: Each stock option is convertible into one fully paid-up equity share of face value ₹1 each
  • Total Shares Covered: 2,23,100 equity shares of face value ₹1 each
  • Exercise Price: ₹1 per share

Vesting and Exercise Terms:

  • Options will vest as per the schedule determined by the NRC and specified in the grant letter and ESOP Plan 2025
  • Stock options are exercisable from the respective vesting date during the option grantee's continuous employment with the Company
  • Exercise terms may vary upon occurrence of events or circumstances specified in the ESOP Plan 2025

Significant Terms and Conditions:

  • The ESOP Plan 2025 specifies how options would be handled in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment
  • Requisite adjustments (including adjustments to the number of options) will be made for corporate actions such as rights issues, bonus issues, stock splits, consolidations, mergers, amalgamations, sale of division/undertaking, or other reorganizations
  • Equity shares allotted upon exercise of stock options will not be subject to any lock-in period
  • Equity shares arising from conversion of options 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 of options: Not applicable
  • Total number of shares from exercised options: Not applicable
  • Options lapsed: Not applicable
  • Variation of terms of options: Not applicable
  • Subsequent changes or cancellation: Not applicable
  • Diluted earnings per share impact: Not applicable

The disclosure was made with reference to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 on LODR dated January 30, 2026, and will be hosted on the Company's website at https://www.pw.live/investor-relations.

The intimation was signed by Ajinkya Jain, Group General Counsel, Company Secretary & Compliance Officer (Membership No.: A33261) on July 11, 2026.