Investment1 April 2026 at 05:31 pm
Physicswallah Ltd Grants 79,02,080 Stock Options Under ESOP Plan 2025
AI Summary
Physicswallah Limited has informed the exchanges about the grant of stock options to its eligible employees. The Nomination and Remuneration Committee (NRC) approved the grant of 79,02,080 stock options under the Physicswallah Limited Employees' Stock Option Plan 2025 (ESOP Plan 2025) on April 01, 2026. The options, each convertible into one fully paid-up equity share with a face value of INR 1, will vest as per the schedule determined by NRC and can be exercised anytime during the continuous active employment period from the date of vesting.
Key Highlights
- Physicswallah Ltd grants 79,02,080 stock options under ESOP Plan 2025.
- Each stock option is convertible into one fully paid-up equity share with a face value of INR 1.
- Options can be exercised anytime during the continuous active employment period from the date of vesting.
- The equity shares arising from the conversion of options will rank pari passu with all other equity shares.
- The ESOP Plan 2025 includes terms for dealing with options in case of various events such as death, permanent incapacity, resignation, termination, retirement, abandonment, and corporate actions.
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