OnMobile Global Limited has informed the Exchange about grant of 5,40,000 options to the eligible employees of the Company
ONMOBILE · price
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OnMobile Global Limited has informed the stock exchanges that its Nomination and Compensation Committee, at a meeting held on May 19, 2025, approved the grant of 5,40,000 Employee Stock Options (ESOPs) to eligible employees under the company's ESOP Plan I, 2013. Each option represents one equity share of face value Rs. 10. The exercise price has been set at the prevailing market price, defined as the latest closing price on the stock exchange with the highest trading volume just before the grant date. Options have a minimum vesting period of one year, and employees have a five-year window to exercise them after vesting. No options have been vested or exercised yet.
This is a routine employee incentive grant with mild future dilution potential if employees exercise the options. Since the exercise price is at market price, there is no immediate cost to existing shareholders, but the total share count will rise upon exercise, slightly diluting earnings per share over time.