One 97 Communications Limited has informed the Exchange regarding Grant of 93244 Options under One 97 Employees Stock Option Scheme 2019 ("ESOP 2019")
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The Nomination and Remuneration Committee of One 97 Communications (Paytm) approved the grant of 93,244 stock options to eligible employees under the ESOP 2019 scheme on July 21, 2025. Each option is convertible into one equity share of face value ₹1, with an exercise price of ₹9 per option. The granted shares will not be subject to any lock-in period. Additionally, 1,28,789 stock options lapsed during the period per the scheme's terms. The scheme is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant with a modest size relative to Paytm's overall share base, implying minor dilution. The very low exercise price of ₹9 suggests these are long-dated employee incentives, not a near-term overhang for existing shareholders.