Aye Finance Grants 514 ESOPs Under ESOP 2024

Aye Finance Ltd announced that its Nomination and Remuneration Committee has approved the grant of 514 stock options to eligible employees under the Aye Finance Employee Stock Option Plan 2024. The options are convertible into 514 equity shares, each with a face value of INR 2. The exercise price is determined by applying a 5% discount to the market price, resulting in an exercise price of ₹151.90. Vesting will occur between one and four years from the grant date, with options exercisable within five years of vesting. The ESOP plan is administered by the Nomination and Remuneration Committee and complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.