Meesho Limited Grants 8,370 Stock Options to Eligible Employees Under ESOP 2024 Plan
Meesho Limited announced the grant of 8,370 Stock Options to eligible employees under its ESOP 2024 Plan, approved by the NRC on May 04, 2026. Each option covers 49 fully paid-up equity shares of face value Re. 1/- each, totalling 4,10,130 equity shares, with an exercise price of Re. 1/- per option. The grant is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and equity shares allotted on exercise will not be subject to any lock-in period.
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Meesho Limited has announced the grant of 8,370 Stock Options to eligible employees under its Employee Stock Option Plan, 2024 (ESOP 2024 Plan). The grant was approved by the company's Nomination and Remuneration Committee (NRC) through a circular resolution passed on May 04, 2026, and has been disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of the Stock Option Grant
The disclosure, filed in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, outlines the material terms of the grant. The following table summarises the key parameters as disclosed:
| Parameter: | Details |
|---|---|
| Number of Stock Options Granted: | 8,370 |
| Equity Shares Covered (per Option): | 49 fully paid-up equity shares of face value Re. 1/- each |
| Total Equity Shares Covered: | 4,10,130 equity shares of face value Re. 1/- each |
| Exercise Price: | Re. 1/- per stock option |
| SEBI (SBEB) Regulations, 2021 Compliant: | Yes |
| Grant Date: | May 04, 2026 |
Exercise and Vesting Conditions
The stock options granted under the ESOP 2024 Plan are exercisable at any time after the applicable vesting period, provided the option grantee remains in employment with the company. In the event of cessation of employment, all vested options as on the last working day may be exercised within 6 (Six) months from the date of cessation.
The ESOP 2024 Plan also provides for the manner in which stock options would be dealt with in cases of death, permanent incapacity, resignation, termination, and retirement. Notably, equity shares allotted pursuant to the exercise of stock options would not be subject to any lock-in period.
Regulatory Compliance
The grant has been confirmed to be in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of shares covered includes requisite adjustments pursuant to corporate actions as provided under the ESOP 2024 Plan. The disclosure was signed by Rahul Bhardwaj, Company Secretary & Compliance Officer (Membership No.: A41649), and the information is also available on the company's investor relations website at https://investor.meesho.com/announcements .
Historical Stock Returns for Meesho
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.66% | +9.75% | +33.88% | +15.40% | +15.40% | +15.40% |
How might Meesho's aggressive ESOP grants impact its employee retention strategy as it competes with larger e-commerce players for top talent in India?
Given the nominal exercise price of Re. 1/- per option, what does this signal about Meesho's valuation expectations and potential IPO timeline in the near future?
How could the cumulative dilution effect of Meesho's ESOP 2024 Plan influence existing shareholder value as the company scales toward a potential public listing?
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