Faze Three Grants 3.31 Lakh Employee Stock Options

Faze Three Limited announced the grant of 3,31,154 Employee Stock Options (ESOPs) under the 'Faze Three Employee Stock Option Scheme 2024'. The grant was approved by the Nomination and Remuneration Committee of the Board of Directors on June 29, 2026. These options are in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options are exercisable into equity shares of face value ₹10 each. A portion of the options (1,24,000) are priced at ₹10 per share and will vest after 1 year, while the remaining (2,07,154) are priced at ₹425 per share and will vest over 5 years in equal installments. The exercise period for vested options is five years from the respective vesting date.