Swiggy Limited has informed the Exchange about the grant of stock options under Swiggy Employees Stock Option Plan 2024
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Swiggy's Nomination and Remuneration Committee approved the grant of 38,86,049 stock options to eligible employees of the company and its subsidiaries on July 11, 2025, under the Swiggy Employees Stock Option Plan 2024. Each option is convertible into one equity share of face value ₹1, at a nominal exercise price of ₹1 per option. The scheme is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. Shares issued upon exercise of these options will not be subject to any lock-in period.
This is a routine employee stock option grant and is not dilutive on day one since options must be vested and exercised before shares are issued. The very low exercise price of ₹1 suggests the grant is meant to attract and retain talent, but future dilution could occur as options are exercised over time.