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 the grant of 8,157 Stock Options to eligible employees under the ESOP 2024 Plan. Each option converts into 49 fully paid-up equity shares with face value of Re. 1 each, covering a total of 3,99,693 equity shares. The exercise price is set at Re. 1 per stock option. The options can be exercised after the vesting period, and in case of employment cessation, vested options can be exercised within 6 months. The scheme complies with SEBI (SBEB) Regulations, 2021.
This is a routine ESOP grant as part of employee compensation, with negligible dilution given the small number of options relative to total shares. It signals the company's efforts to retain and incentivise employees but has no immediate impact on stock price or shareholder value.