Physicswallah Limited has informed the Exchange regarding Grant of Options.
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Physicswallah Limited has announced the grant of 26,14,819 stock options to eligible employees under ESOP Plan 2025, effective May 21, 2026. Each option is convertible into one fully paid-up equity share with a face value of INR 1 each. The exercise price has been set at INR 1 per share, which is significantly below market price, aligning employee interests with shareholders. The NRC approved this grant on May 22, 2026 through circulation. The company states the ESOP plan is compliant with SEBI (SBEB) Regulations, 2021. V particulars will vest according to the schedule determined by the NRC and as specified in individual grant letters.
This ESOP grant is a positive signal for employee retention and motivation, tying employee interests to company performance. The low exercise price (INR 1) indicates strong incentive alignment but will result in significant dilution upon exercise, which shareholders should monitor.