Approval of ESOP scheme by Shareholders of the Company
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Naapbooks Ltd informed the stock exchange that shareholders approved the 'Naapbooks Limited Employees Stock Option Scheme 2025' (ESOS-2025) via a special resolution at the AGM held on September 30, 2025. The scheme creates an option pool of 10,78,620 employee stock options, each convertible into one equity share of face value Rs. 10, to be allotted through fresh issuance. Exercise price will be at a discount to the market price ranging from 20% (for 1-year vesting) up to 75% (for 5-year vesting), with a maximum exercise window of 6 months after vesting. The scheme will be administered by the Nomination and Remuneration Committee under the SEBI (SBEB & SE) Regulations, 2021.
This will result in potential future dilution of up to 10,78,620 equity shares for existing shareholders once options are exercised; short-term impact on share price is generally limited as the company currently appears to be a small-cap entity.