O9One 97 Communications543396ESOP grant news

NRC approves grant of ~1.93 lakh stock options and allotment of ~2.7 lakh equity shares

NRC approved grant of ~1.93 lakh stock options under ESOP 2019 at ₹ 9/- each.

By ScoutQuest · Mon 26 Oct 2026, 8:14 PM IST · 2 min read

Options granted

~1.93 lakh stock options under ESOP 2019 at ₹ 9/- each

Shares allotted / paid-up capital

~2.7 lakh equity shares of face value ₹ 1 allotted; paid-up capital rose from 64,21,07,701 to 64,23,77,497 shares

Options lapsed/cancelled

6,84,121 options lapsed/cancelled

What the committee approved

The Nomination and Remuneration Committee (NRC) of the Board met on October 26, 2026 and approved two employee-related items under the One 97 Employees Stock Option Scheme 2019.

• Grant of ~1.93 lakh stock options to eligible employees.
• Allotment of ~2.7 lakh equity shares of face value of ₹ 1 each, fully paid-up, to eligible employees upon exercise of vested options.

Terms of the fresh grant

• Exercise price is ₹ 9/- per stock option.
• Each stock option is convertible into one fully paid-up equity share of face value ₹ 1 each, so ~1.93 lakh equity shares are covered by the options granted.
• Options can be exercised anytime during the entire period of continuous active employment, from the date of vesting of the respective options.
• The equity shares allotted on exercise of options will not be subject to lock-in.
• The scheme provides for adjustments in case of corporate actions such as a rights issue, bonus issue, split or consolidation of shares, merger or amalgamation.

Options that lapsed or were cancelled

The Committee took note of 6,84,121 lapsed and cancelled stock options. The detailed table shows ~6.83 lakh options lapsed in accordance with the terms of ESOP 2019 and 1,170 options were cancelled.

Share capital after the allotment

• Issued, subscribed and paid-up equity share capital rose from ~64.21 crore equity shares of ₹ 1 each to ~64.24 crore equity shares of ₹ 1 each.
• The premium per share is ₹ 8/-, against an exercise price of ₹ 9/- per share.
• The newly allotted shares rank pari-passu with the existing equity shares of the company.
• The distinctive numbers of the shares run from 65,76,74,448 to 65,79,44,243 (both inclusive).

How to read this

An ESOP grant is part of employee compensation. The options granted do not add to the share count straight away; shares get issued only when employees exercise vested options. The shares allotted here add 2,69,796 to a base of ~64.24 crore shares, so the change in the total share count is small in percentage terms. The disclosure covers an employee stock option scheme, and the shares issued are ordinary equity shares carrying the same rights as existing shares.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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