Allotment of 57500 Employee Stock Options to the eligible Employees.
Price
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WSFx Global Pay Ltd has approved the allotment of 57,500 Employee Stock Options (ESOP) to eligible employees. Each option allows employees to purchase 1 equity share of face value Rs. 10 each. The ESOPs have been issued at a discounted price of Rs. 55.28 per option. The vesting period is 3 years from the date of allotment (May 20, 2026), and once vested, employees can exercise these options within 3 years. This allotment is under the Wall Street Finance Limited – Employee Stock Option Scheme 2018, which complies with SEBI (Share Based Employee Benefits) Regulations, 2014.
This ESOP allotment represents potential dilution of approximately 57,500 equity shares. The discount pricing creates an employee compensation expense for the company. Shareholders should note this as a routine employee incentive program with no immediate impact, though future exercises will dilute equity.