Zaggle Prepaid Ocean Services Limited has informed the Exchange about General Updates -Intimation for Grant of Options under Zaggle Employee Stock Option Scheme 2022 pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Zaggle Prepaid Ocean Services Limited announced that its Nomination and Remuneration Committee approved the grant of 1,27,623 stock options to eligible employees under the Zaggle Employee Stock Option Scheme 2022. Each option is convertible into one equity share of face value ₹1, at an exercise price of ₹223 per option. The exercise price reflects a 25% discount to the closing market price on February 11, 2026, the day before the committee meeting. The scheme is administered by the NRC/Compensation Committee and complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. No options have been vested or exercised yet, and shares allotted on exercise will not be subject to any lock-in period.
This is a routine ESOP grant disclosure with a mild dilution potential of 1,27,623 shares (small relative to typical share base). The 25% discount to market price on exercise could modestly affect EPS in the future, but there is no immediate material impact on shareholders or stock price.