Committee approves grant of 38,000 employee stock options under ESOP Scheme 2024

The Nomination and Remuneration Committee, by a resolution passed by circulation on October 12, 2026, has considered and approved the grant of 38,000 employee stock options under the Onward Employee Stock Option Scheme 2024 to eligible.

Mon 12 Oct 2026

Options Granted

38,000 employee stock options under the Onward Employee Stock Option Scheme 2024

Shares Covered

38,000 equity shares of Rs. 10/- each

Exercise Price

20% discount to the Market Price as on the date of grant

What was approved

The Nomination and Remuneration Committee of the company, by a resolution passed by circulation on October 12, 2026, considered and approved the grant of 38,000 employee stock options under the Onward Employee Stock Option Scheme 2024 to eligible employees.

Key terms of the grant

• Options granted: 38,000
• Shares covered by these options: 38,000 equity shares of Rs. 10/- each
• Exercise Price: 20% discount to the Market Price as on the date of grant
• Options vested so far: Nil
• Options exercised: Not Applicable
• Variation of terms of options: Not Applicable
• Subsequent changes or cancellation or exercise of such options: Not Applicable
• Diluted earnings per share pursuant to issue of equity shares on exercise of options: Not Applicable

What an employee stock option is

An employee stock option is a right given to an employee to buy a fixed number of the company's shares at a price fixed in advance. Here that price is set at a 20% discount to the market price on the date the options were granted, so the employee pays less than the prevailing market price if and when the option is exercised.

Nothing happens on day one. The options must first vest, which is the waiting period an employee completes before the right to exercise becomes available. The grant states that options will vest not earlier than a minimum vesting period of 1 year and not later than a maximum vesting period of 4 years from the grant date. At present, Nil options have vested.

Once vested, the employee has a maximum of 2 years from the relevant vesting date to exercise the option.

How the scheme is run

The scheme is administered by the Trust and supervised by the Nomination and Remuneration Committee. The company has stated that the scheme is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time.

What it means for existing shareholders

If all 38,000 options are exercised, 38,000 new equity shares of Rs. 10/- each would arise, which would increase the total number of shares in issue. The exercise price is at a 20% discount to the market price on the grant date. Because the company expects the options to be exercised only when it is worthwhile for the employee, such grants are generally seen as a way of linking employee reward to the company's share performance over the medium term.

Points to keep in mind

• The grant is an enabling step. It does not immediately change the number of shares in issue.
• The actual number of shares that arise depends on how many options vest and are exercised within the exercise period.
• Options that are not exercised within the exercise period can lapse.
• The total number of shares that could arise from this grant is 38,000 equity shares of Rs. 10/- each.

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.