Billionbrains Garage Ventures Limited has informed the Exchange regarding Grant of 604009 Options under Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024
GROWW · price
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Billionbrains Garage Ventures Limited (Groww) has granted 6,04,009 stock options to eligible employees under its Employee Stock Option Scheme 2024, with the grant date being March 14, 2026. Each option is convertible into one equity share with a face value of Rs. 2, meaning the options cover 6,04,009 equity shares in total. The exercise price has been set at Rs. 2 per option, which is at par with the face value, making it a very employee-friendly grant. Employees will have a 10-year exercise window from the date of vesting. The scheme is in compliance with SEBI's Share Based Employee Benefits Regulations, 2021.
This is a new stock option grant and not an exercise, so there is no immediate dilution or cash inflow. However, if all these options are eventually exercised, existing shareholders could see dilution of 6,04,009 shares. The very low exercise price of Rs. 2 means the grant is highly valuable to employees, reflecting strong incentive alignment but also signalling potential future dilution at a low cost.