Physicswallah Limited has informed the Exchange about Grant of Stock Options.
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Physicswallah Limited's Nomination and Remuneration Committee approved the grant of 79,02,080 stock options to eligible employees on April 1, 2026, under the company's ESOP Plan 2025. Each option is convertible into one equity share of face value INR 1, with an exercise price of just INR 1 per share. The plan complies with SEBI's Share Based Employee Benefits Regulations, 2021, and shares issued upon exercise will not be subject to any lock-in. No options have been exercised, lapsed, or cancelled as of the grant date, and the vesting schedule will be determined by the NRC and communicated via grant letters.
This is a large ESOP grant covering over 79 lakh shares, which could lead to future dilution for existing shareholders when these options are eventually exercised. The very low exercise price of INR 1 makes it highly attractive for employees and increases the likelihood of conversion, but the immediate impact on share price is typically limited as ESOP grants are a routine employee retention mechanism.