Allotment of 70,504 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Scheme 2019.
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One 97 Communications (Paytm) disclosed two ESOP-related items: (1) the Nomination and Remuneration Committee approved granting 177,044 stock options to eligible employees under ESOP 2019, with an exercise price of ₹9 per option, while also noting 490,055 lapsed and cancelled options; (2) the company allotted 70,504 equity shares (face value ₹1 each) to employees who exercised their vested options. Following this allotment, the company's paid-up equity share capital increased from ₹64,01,09,676 to ₹64,01,80,180. The shares issued carry no lock-in restriction and rank pari-passu with existing equity shares.
This is a routine ESOP-related disclosure with minimal direct impact on stock price. The dilution from 70,504 new shares is negligible (0.011%) for existing shareholders. The exercise price of ₹9 per option is significantly below market price, which is typical for ESOPs but indicates employee compensation cost.