Intimation w.r.t. grant of stock options under Meesho Limited - Employee Stock Option Plan, 2024 ("ESOP 2024 Plan")
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Meesho Ltd's Nomination and Remuneration Committee has approved the grant of 8,157 stock options to eligible employees under the ESOP 2024 Plan. Each stock option is convertible into 49 fully paid-up equity shares with a face value of Re. 1 each, covering a total of 399,693 equity shares. The exercise price is Re. 1 per stock option. The grant is made pursuant to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Vested options can be exercised within 6 months of cessation of employment.
This is a routine employee compensation disclosure with minimal immediate shareholder impact. The ESOP aligns employee interests with company performance. The dilution effect is spread across a large equity base, so the per-share impact is negligible.