One 97 Communications Limited has informed the Exchange regarding Grant of 1,77,044 stock options to the eligible employees under One 97 Employees Stock Option Scheme 2019.
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Paytm's Nomination and Remuneration Committee approved grant of 177,044 stock options to eligible employees at an exercise price of ₹9 per option under the One 97 Employees Stock Option Scheme 2019. Additionally, 70,504 equity shares of ₹1 face value were allotted to employees who exercised their vested options. About 4,90,055 options lapsed and were cancelled during the period. The company's issued share capital increased marginally from 64,01,09,676 to 64,01,80,180 equity shares as a result of the allotment. The newly allotted shares carry no lock-in restriction and rank pari-passu with existing shares.
The dilution is minimal — only 70,504 shares added — and the exercise price of ₹9 is well below market, which is typical ESOP practice. No immediate share price impact expected, but it reflects ongoing employee compensation through equity.