Meesho Grants 20,857 Stock Options Under ESOP 2024 Plan

Meesho Limited has announced the grant of 20,857 stock options to eligible employees under its Employee Stock Option Plan, 2024. The grant was approved by the Nomination and Remuneration Committee via a circular resolution on September 29, 2026. Each option is convertible into 49 equity shares, potentially covering up to 10,21,993 equity shares. The exercise price is ₹1 per stock option. The ESOP 2024 Plan includes provisions for various scenarios like death, incapacity, resignation, termination, and retirement, with no lock-in on shares allotted upon exercise.