Grant of 5,74,400 Stock Options under Honasa Consumer Limited Employee Stock Options Plan - 2018
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Honasa Consumer Limited (Mamaearth) announced the grant of 5,74,400 stock options to eligible employees under its ESOP-2018 scheme. Each option can be converted into one equity share at an exercise price of ₹10 per option, representing a potential dilution of 5,74,400 shares. The options, once vested, can be exercised during the employee's tenure or within 90 days of their last working day. The company confirmed the scheme complies with SEBI (SBEB) Regulations, 2014, and the grant was approved by the Nomination and Remuneration Committee on May 19, 2026.
The grant aligns employee interests with shareholders but represents potential share dilution of approximately 5.74 lakh equity shares. Current shareholders may see minor EPS dilution upon exercise, though the ₹10 exercise price is at face value, suggesting strong confidence in the company's prospects.