Approving Authority: Nomination and Remuneration Committee / Compensation Committee
Meeting Date: Friday, November 13, 2026
Meeting Time: Commenced at 12:15 PM (IST) and concluded at 12:32 PM (IST)
Disclosure Date: November 13, 2026
Grant Details
Number of Options Granted: 77,071 (Seventy-Seven Thousand and Seventy-One)
Face Value per Share: ₹1
Total Shares Covered: 77,071 equity shares
Exercise Price: ₹130 per stock option
Pricing Formula: Exercise price determined at a 25% discount to the closing market price of the company's share on November 12, 2026 (the day prior to the committee meeting)
Scheme Compliance
The Zaggle ESOP 2022 scheme is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The scheme is administered by the Nomination and Remuneration Committee/Compensation Committee.
Significant Terms of ESOP Scheme
Each stock option is convertible into one fully paid-up equity share of face value ₹1.
The equity shares allotted upon exercise of options are not subject to any lock-in period.
The scheme provides specific provisions for handling options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment.
In event of corporate actions (rights issue, bonus issue, stock split, consolidation, merger/amalgamation, sale of division/undertaking, or other reorganization), requisite adjustments to the number of stock options will be made in a fair and reasonable manner.
The option grantee may exercise options from the first date of vesting until the expiry of ten years from the vesting of the final tranche, except for specific cases like resignation or death where different exercise periods apply as specified in Clause 17(d) of Zaggle ESOP 2022.
The exact terms and conditions for exercise are determined by the committee and set forth in the Grant Letter.
