Physicswallah Limited has informed the exchange regarding grant of stock options.
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Physicswallah Limited's Nomination and Remuneration Committee has approved the grant of 26,14,819 stock options to eligible employees under ESOP Plan 2025, effective May 21, 2026. Each option entitles the holder to purchase one equity share with a face value of INR 1 each at an exercise price of INR 1 per share. The ESOP scheme complies with SEBI (SBEB) Regulations, 2021. Options will vest according to a schedule determined by the NRC, and once vested, can be exercised anytime during the period of continuous employment. Shares issued upon exercise will not have any lock-in period and will rank pari passu with existing equity shares.
The ESOP grant aligns employee interests with shareholders and helps retain talent, but will cause potential dilution of approximately 26.15 lakh shares (0.26 million equity shares) if fully exercised in the future.