Nazara Technologies Limited has informed the Exchange regarding grant of 46,378 employees stock options to the eligible employees of the Company under the Nazara Technologies Employee Stock Option Scheme 2023 ( ESOP 2023 )
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Nazara Technologies has granted 46,378 employee stock options to eligible employees under its Employee Stock Option Scheme 2023 (ESOP 2023), with an effective grant date of August 13, 2025. The exercise price has been fixed at Rs. 1,401.50 per option, equal to the closing price on the NSE (highest trading volume exchange) on August 11, 2025. Each option converts into one equity share of face value Rs. 4. Options must vest after a minimum period of 1 year from grant and can be exercised within 5 years from the vesting date. The scheme is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and there is no lock-in on shares issued upon exercise.
The grant is at market price (no discount), so it is not immediately dilutive in cost terms, but the 46,378 shares represent a small potential future dilution once options vest and are exercised. Overall, this is a routine employee incentive disclosure and is likely neutral for the stock price in the short term.