Nazara Technologies Limited has informed the Exchange regarding Grant of 46378 Options.
NAZARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nazara Technologies has granted 46,378 employee stock options to eligible employees under its ESOP 2023 scheme, with an effective grant date of August 13, 2025. The options carry an exercise price of Rs. 1,401.50 per share, which equals the closing price on NSE on August 11, 2025 (the day prior to the Nomination, Remuneration and Compensation Committee meeting held on August 12). Each option is convertible into one equity share of Rs. 4 face value. The options must vest after a minimum period of one year and can be exercised within five years of vesting. There is no lock-in on shares arising from the exercise of these options.
This is a routine ESOP grant that will lead to mild equity dilution if all options are eventually exercised. At the exercise price of Rs. 1,401.50, the total potential cash inflow would be roughly Rs. 65 crore. The grant aligns employee incentives with shareholder interests and is unlikely to have a material impact on the stock price.