AFAye Finance544699ESOP grant news

Grant of 514 options under ESOP 2024 at Rs. 151.90 exercise price

514 options granted to eligible employees under ESOP 2024.

By ScoutQuest · Fri 16 Oct 2026, 7:54 PM IST · 2 min read

Options Granted

514 options under ESOP 2024

Exercise Price

Rs. 151.90, after 5% discount on market price

Vesting / Exercise Terms

Vesting in 1 to 4 years; exercise window 5 years from vesting

Grant at a glance

• The Nomination and Remuneration Committee approved the grant of 514 (Five Hundred and Fourteen only) options to eligible employees of the Company under the Aye Finance Employee Stock Option Plan 2024 (ESOP 2024).
• Each option is convertible into 1 equity share of face value INR 2 each, so the grant covers 514 (Five Hundred and Fourteen only) equity shares.
• The exercise price is Rs. 151.90/-.

How the exercise price was set

• A 5% discount is applied on the market price of the equity share to determine the exercise price / grant price of the ESOPs.
• Market price means the latest available closing price on the recognised stock exchange on which the shares of the Company are listed, on the date immediately prior to the Relevant Date. Where shares are listed on more than one recognised stock exchange, the closing price on the exchange having higher trading volume on that date is considered.
• Relevant Date means the date of the Nomination and Remuneration Committee meeting on which the grant is made.

Vesting and exercise

• Options will vest not earlier than 1 (one) year and not later than 4 (four) years from the date of grant, as more particularly mentioned in ESOP 2024.
• Vested options can be exercised within an exercise period of 5 (five) years from the date of vesting, as more particularly mentioned in ESOP 2024.

Other significant terms

• ESOP 2024 is administered by the Nomination and Remuneration Committee and implemented through the direct route for extending benefits to eligible employees by way of fresh allotment from the Company.
• Shares issued upon exercise of vested options shall be freely transferable and shall not be subject to any lock-in period restriction, except such restrictions as may apply under the applicable laws.
• Equity shares arising on the exercise of the options shall rank pari-passu with all the other equity shares of the Company for the time being in issue, from the date of allotment.

What this means for a reader

• This is an employee stock option grant, a part of employee compensation. The shares would arise only when vested options are exercised and allotted.
• The number involved is 514 options, each convertible into one equity share, and the exercise price is fixed at a 5% discount to the market price determined as above.

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