One Mobikwik Systems Limited has informed the Exchange regarding Grant of 588178 stock options under MobiKwik Employee Stock Option Plan 2014
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One Mobikwik Systems Limited has granted 5,88,178 stock options to eligible employees under its ESOP 2014 plan, approved by the Nomination & Remuneration Committee via circular resolution. Each option is convertible into one equity share of face value Rs. 2, with the exercise price set at Rs. 2 per share (at face value). The scheme is compliant with SEBI (SBEB) Regulations, 2014, and the options are not yet vested, with vesting and exercise timelines as per the plan and individual grant letters. Shares allotted upon exercise will not be subject to any lock-in period. The grant was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
This is a routine ESOP grant with no immediate dilution since options are unvested and unexercised. Future exercise at face value could mildly dilute existing shareholders, but the impact on stock price is expected to be negligible.