Honasa Consumer Limited has informed the Exchange regarding Grant of 53322 Options.
HONASA · price
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Honasa Consumer Limited (parent of Mamaearth) has granted 53,322 stock options to eligible employees under its Employee Stock Options Plan 2018. The grant was approved on June 18, 2025 by the Nomination and Remuneration Committee via circular resolution. Each option is convertible into one equity share of face value Rs. 10, with the exercise price also set at Rs. 10 per share — meaning employees can acquire shares essentially at par value. Vesting and exercise terms are governed by the ESOP-2018 scheme, with options exercisable during the employee's tenure or within 90 days of leaving. The grant is relatively small and routine, aimed at employee retention and performance alignment.
The grant size is small, so any dilution from share issuance (if all options are exercised) will be minor. The at-par exercise price makes this a strong employee incentive, signaling management's intent to retain and motivate staff, though it does transfer some value from existing shareholders to employees.