Physicswallah Limited's Nomination and Remuneration Committee (NRC) approved the grant of 7,40,984 stock options to eligible employees under the Physicswallah Limited Employees' Stock Option Plan 2025 (ESOP Plan 2025) on July 02, 2026.
Key Details:
- Total Options Granted: 7,40,984 stock options
- Face Value: INR 1 per share
- Exercise Price: INR 1 per share
- Grant Date: July 01, 2026
- Conversion Ratio: Each stock option is convertible into one fully paid-up equity share
The equity shares allotted upon exercise of these options will rank pari-passu with all other existing equity shares of the company from the date of allotment and will not be subject to any lock-in period.
Compliance Information:
- The grant is made under SEBI (SBEB) Regulations, 2021
- Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations
- Reference SEBI Master Circular: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 on LODR dated January 30, 2026
- The disclosure will be hosted on the company's website at https://www.pw.live/investor-relations
Significant Terms of ESOP Plan 2025:
- Options will be dealt with according to specific provisions for 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
- The plan allows for fair and reasonable adjustments to the number of options in such events
Current Status:
- Options vested: To be determined by NRC and specified in grant letter
- Options exercised: Not applicable at time of grant
- Money realized: Not applicable
- Options lapsed: Not applicable
- Variation of terms: Not applicable