Meesho Limited has informed the Exchange regarding grant of stock options under Meesho Limited - Employee Stock Option Plan, 2024 ( ESOP 2024 Plan )
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Meesho Limited's Nomination and Remuneration Committee approved a grant of 3,04,535 stock options to eligible employees under the company's ESOP 2024 Plan on March 27, 2026. Each option is convertible into 49 fully paid-up equity shares of Re. 1 face value, bringing the total number of shares covered by these options to approximately 1.49 crore equity shares. The exercise price has been fixed at Re. 1 per stock option. The scheme is in compliance with SEBI's Share Based Employee Benefits Regulations, 2021, and shares allotted upon exercise will not be subject to any lock-in period.
This is a routine employee compensation event. The grant of options at Re. 1 exercise price is dilutive on a fully converted basis, but the immediate impact on share price is limited since options are not yet vested or exercised. Shareholders should note potential future dilution when these options are eventually exercised.