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ESOP18 Aug 2026, 05:51 pm

OnMobile Global Grants 390,000 ESOPs

AI Summary

OnMobile Global Ltd announced that its Nomination and Compensation Committee has approved the grant of 390,000 Employee Stock Options (ESOPs) to eligible employees. The grant, made via circular resolution on August 18, 2026, is under the Employee Stock Option Plan 1, 2012. These options represent 390,000 equity shares of face value Rs. 10 each. The exercise price will be the Fair Market Value on the grant date, and options can be exercised within five years from vesting, with a minimum vesting period of one year. This move is intended to incentivize and retain key talent within the company.

Key Highlights

  • OnMobile Global approved grant of 390,000 ESOPs to employees.
  • Options are exercisable within five years from vesting.
  • Minimum vesting period for these options is one year.
  • Grant is under the Employee Stock Option Plan 1, 2012.