Disclosure Context
Regulatory Reference: This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ESOP Grant Details
Approval Body: The Nomination and Remuneration Committee (NRC) of the Board of Directors.
Approval Method: Circular resolution.
Approval Date: June 27, 2026.
Action Approved: Grant of 4,39,510 Employee Stock Options (ESOPs).
Plan: WeWork India Management Limited 2018 Equity Incentive Plan.
Recipients: Eligible employees of the Company.
Compliance: The grant is implemented in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Annexure A Breakdown (SEBI Master Circular Compliance)
1. Brief details of options granted: Grant of 4,39,510 ESOPs under the 2018 Equity Incentive Plan.
2. SEBI SBEB Regulations Compliance: Yes.
3. Total number of shares covered: 4,39,510 equity shares of the Company (face value of ₹10 each).
4. Pricing Formula: Determined per the plan. The specific breakdown is:
- 7,941 options with an exercise price of ₹100 per option.
- 4,31,569 options with an exercise price of ₹450 per option.
5. Options Vested: Not applicable at the time of grant.
6. Exercise Timeframe:
- While employed: A maximum of 10 years from the date of grant for vested options.
- Upon separation: Determined as per the provisions of the 2018 Equity Incentive Plan.
7. Options Exercised: Not applicable.
8. Money Realized from Exercise: Not applicable.
9. Total Shares from Exercise: Not applicable.
10. Options Lapsed: Not applicable.
13. Subsequent Changes/Cancellation/Exercise: Not applicable.
14. Diluted EPS Impact: Not applicable.