NRC approves grant of 6,526 stock options under ESOP 2016
Shiprocket's Nomination and Remuneration Committee approved the grant of 6,526 stock options to eligible employees under ESOP 2016, effective November 5, 2026.
By ScoutQuest · · 2 min read
- Options Granted
- 6,526 stock options under ESOP 2016
- Shares per Option
- 266 fully paid-up equity shares of face value Rs. 10/- each; ~17.36 lakh equity shares covered
- Exercise Price
- Rs. 10/- per option
What was announced
Shiprocket Limited informed BSE and NSE that its Nomination and Remuneration Committee (NRC), at a meeting held on November 5, 2026, approved the grant of 6,526 stock options to eligible employees of the company under the Shiprocket Employees Stock Option Scheme 2016 (ESOP 2016). The grant is effective November 5, 2026.
The numbers in the disclosure
- Options granted: 6,526
- Shares each option converts into: 266 fully paid-up equity shares of face value Rs. 10/- each
- Total equity shares covered by the grant: 17,35,916
- Exercise price: Rs. 10/- per option
- Maximum time to exercise after vesting: not more than 10 (ten) years from the date of grant
How the exercise works
Vested options can be exercised, wholly or partly, immediately after vesting, within the period the NRC decides and as set out in the letter of grant given to each employee. That period cannot be more than 10 (ten) years from the date of grant. The vesting schedule is also determined by the NRC and specified in the letter of grant.
Terms of the shares
Equity shares allotted when the options are exercised will rank pari passu with the existing equity shares of the company and will not be subject to lock-in. All other terms are governed by ESOP 2016.
How to read this
This is a stock option grant to employees, a form of compensation that links employee reward to the company's shares. The number of options is small (6,526) but each option converts into 266 shares, so the total shares covered is 17,35,916. If and when employees exercise their options and the shares are allotted, the company's equity share capital would increase by that number of shares. The disclosure states that it relates to the grant itself, so details such as options vested, options exercised, shares arising from exercise and money realised are marked not applicable for this event.
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More numbers
- Stock options granted6,526
- Equity shares each option converts into266
- Total equity shares covered by the grant17,35,916
- Face value per equity shareRs. 10/-
- Exercise price per optionRs. 10/-
- Maximum period to exercise from grant10 (ten) years
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