One 97 Communications Limited has informed the Exchange regarding Approval for Grant of Stock Options under One 97 Employees Stock Option Scheme 2019 ("ESOP2019")
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On June 11, 2025, the Nomination and Remuneration Committee (NRC) of One 97 Communications Limited (Paytm) approved the grant of 23,70,790 stock options to eligible employees under the One 97 Employees Stock Option Scheme 2019 (ESOP 2019). Each stock option is convertible into one fully paid-up equity share of face value ₹1, at an exercise price of ₹9 per option. The NRC also noted that 3,46,746 previously granted stock options had lapsed. The scheme is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and shares allotted upon exercise will not be subject to any lock-in period.
This is a routine employee incentive grant and signals ongoing efforts to retain and motivate talent at Paytm. The grant represents potential dilution of about 23.7 lakh shares, though the modest exercise price of ₹9 suggests these are designed to align employee interests with long-term share price growth rather than be immediately profitable.