ESOP5 Jun 2026, 06:03 pm
Physicswallah Grants 11.94 Lakh Stock Options
AI Summary
Physicswallah Limited announced the grant of 11,94,830 stock options to eligible employees under its ESOP Plan 2025. The grant was approved by the Nomination and Remuneration Committee on June 5, 2026. Each option is convertible into one equity share of face value INR 1. The exercise price is set at INR 1. Vesting and exercise periods will be determined by the NRC and specified in individual grant letters, with options exercisable during continuous employment post-vesting. The company also detailed provisions for corporate actions and employee termination scenarios within the ESOP plan.
Key Highlights
- 11,94,830 stock options granted to employees.
- Options granted under the ESOP Plan 2025.
- Exercise price set at INR 1 per option.
- Vesting and exercise terms to be determined by NRC.
- Equity shares arising from options will rank pari passu.
Price Impact
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