NRC approves grant of ~1.85 lakh stock options under ESOP Plan 2025
Physicswallah's Nomination and Remuneration Committee approved the grant of ~1.85 lakh stock options to eligible employees under ESOP Plan 2025 on November 02, 2026.
By ScoutQuest · · 2 min read
- Stock Options Granted
- ~1.85 lakh stock options
- Exercise Price
- INR 1 per option
- Grant Date
- November 02, 2026
What the company told the exchanges
The Nomination and Remuneration Committee (NRC) of the company approved the grant of ~1.85 lakh stock options to eligible employees on Monday, November 02, 2026, through circulation. The grant is made under the Physicswallah Limited Employees' Stock Option Plan 2025.
Key terms of the grant
- Each stock option is convertible into one fully paid-up equity share of face value INR 1.
- ~1.85 lakh equity shares of face value INR 1 are covered by the options granted.
- The exercise price is INR 1 per option.
- The options are granted with effect from November 02, 2026.
- Vesting will happen as per the schedule determined by the NRC and set out in the grant letter and the ESOP Plan 2025.
- The options can be exercised from the respective vesting date, during the employee's continuous employment with the company, subject to the terms of the ESOP Plan 2025.
What happens to the shares
- Shares allotted on exercise of the options will not be subject to lock-in.
- Those shares will rank pari passu (on equal footing) with all other equity shares of the company in issue, from the date of allotment.
- In case of corporate actions such as a rights issue, bonus issue, split, consolidation, merger or sale of a division, adjustments — which may include changes to the number of options — will be made in a fair and reasonable manner as per the plan.
- The plan also sets out how options are dealt with in cases such as death, permanent incapacity, resignation, termination, retirement or abandonment.
How to read this
This is a routine employee-incentive disclosure. Stock options are a way to reward and retain employees; here they are being issued at a nominal exercise price of INR 1 per share, which is the same as the face value. The grant does not immediately change the number of shares outstanding — shares arise only when employees exercise their options, and that depends on the vesting schedule.
What to keep in mind
- When the options are eventually exercised, new shares will be issued, which adds to the total share count.
- The vesting schedule and the conditions attached are set by the NRC and the grant letter.
- The update does not attach any cash inflow figure, since the options have not yet been exercised.
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More numbers
- Stock options granted1,84,828
- Equity shares covered by the options granted1,84,828
- Exercise price per optionINR 1
- Face value per equity shareINR 1
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