Zaggle Prepaid Ocean Services Limited has informed the Exchange about General UpdatesIntimation 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 has granted 1,42,045 stock options to eligible employees under its Zaggle ESOP 2022 scheme, approved by the Nomination and Remuneration Committee on August 14, 2025. Each option is convertible into one equity share of face value ₹1, and carries an exercise price of ₹281 per option, which is a 25% discount to the closing market price on August 13, 2025. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options are not yet vested and can be exercised over a 10-year period from the final vesting date. The total potential dilution from this grant equals 1,42,045 equity shares.
This is a routine ESOP grant with a small dilution impact, signalling the company is incentivising and retaining employees. Shareholders should note the marginal future share dilution and the 25% discount to market price as the exercise cost.