Grant of 2,25,442 Employee Stock Options under ESOP 2019

The Nomination and Remuneration Committee approved the grant of 2,25,442 employee stock options under Wakefit ESOP-2019.

Mon 28 Sep 2026

Options Granted

2,25,442 employee stock options

Exercise Price

Re. 1/- per option

Face Value per Share

Re. 1/-

Vesting Period

Minimum 12 months, up to 5 years

Exercise Window

Within 1 year of vesting

What was announced

The Nomination and Remuneration Committee of the Board approved the grant of 2,25,442 employee stock options under the Wakefit Employee Stock Option Plan - 2019.

Key terms

• Options granted: 2,25,442, exercisable into not more than 2,25,442 equity shares of face value Re. 1/- each.
• Exercise price: Re. 1/- per option.
• Vesting: after a minimum period of 12 months from the grant date and not later than 5 years, as per the Letter of Grant, based on time and/or performance criteria and subject to continued employment.
• Exercise window: all vested options are exercisable within a maximum of 1 year from the date of vesting.
• Vesting timelines may be extended for unauthorised or non-statutory leaves as per the ESOP Plan.

How to read it

Stock options are a way of rewarding and retaining employees. Nothing is issued at this stage; shares come into existence only if and when employees exercise their vested options. Since the exercise price is Re. 1/- per option, exercise would add a small amount of money to the company while adding up to 2,25,442 new shares, which mildly dilutes existing shareholders when it happens.

The grant is stated to be in line with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

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