Billionbrains Garage Ventures grants 2.74 lakh stock options
Billionbrains Garage Ventures granted 2,74,214 stock options to eligible employees under its Employee Stock Option Scheme 2024 on June 01, 2026, priced at ₹2 per option. The options are convertible into fully paid-up equity shares with a face value of ₹2 each, with an exercise period of ten years from the date of vesting.
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Billionbrains Garage Ventures Limited granted 2,74,214 stock options to eligible employees under its Employee Stock Option Scheme 2024 on June 01, 2026. The options are priced at ₹2 each and are convertible into fully paid-up equity shares with a face value of ₹2 per share. The grant was approved by the Nomination and Remuneration Committee (NRC) and is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The scheme adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of equity shares covered by these options is 2,74,214, including adjustments for corporate actions as provided under the ESOP schemes. The exercise period for the options is ten years from the date of vesting, subject to the terms and conditions of the scheme.
Vesting details were not applicable as this disclosure pertains specifically to the grant of options. The scheme outlines provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, or retirement.
Key Details of the Grant
| Particulars | Details |
|---|---|
| Options Granted | 2,74,214 |
| Exercise Price | ₹2 per option |
| Face Value | ₹2 per share |
| Exercise Period | 10 years from vesting |
| Regulatory Compliance | SEBI (SBEB) Regulations, 2021 |
Historical Stock Returns for Groww
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.67% | +1.50% | -11.55% | +22.85% | +44.80% | +44.80% |
What impact will this ESOP grant have on Billionbrains Garage Ventures' employee retention and talent acquisition strategy?
How might the issuance of these stock options affect the company's equity dilution and shareholder value over the next decade?
What are the expected vesting milestones, and how will they align with the company's long-term performance goals?
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