One 97 Communications Limited has informed the Exchange regarding Allotment of 2,17,265 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Schemes
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Paytm's Nomination and Remuneration Committee approved the allotment of 2,17,265 equity shares (face value ₹1 each) to eligible employees who exercised their vested stock options. Of these, 2,17,207 shares were issued under the ESOP 2019 scheme and 58 shares under the ESOP 2008 scheme. The exercise price was ₹9 per share, comprising ₹1 face value and ₹8 premium. Following this allotment, the company's total paid-up equity share capital has increased from ₹63,98,28,416 (63,98,28,416 shares) to ₹64,00,45,681 (64,00,45,681 shares). The newly issued shares carry no lock-in period and rank equally with existing shares.
This is a routine ESOP exercise disclosure resulting in a marginal dilution of approximately 0.034% of the share base. It is a standard regulatory filing and is unlikely to have any meaningful impact on the stock price, as it merely reflects employees converting their already-vested stock options into shares.