One 97 Communications' Nomination and Remuneration Committee (NRC) has approved the grant of 15,42,117 stock options to eligible employees under its ESOP 2019 scheme. The committee, which met on July 20, 2026, fixed the exercise price at ₹9 per option. Each option is convertible into one fully paid-up equity share with a face value of ₹1. The grant aims to incentivize employees through share-based benefits aligned with SEBI regulations.

The NRC also took note of 5,87,147 lapsed stock options during the meeting. The options granted can be exercised anytime during the period of continuous active employment from the date of vesting. The scheme includes provisions for handling options in cases of death, incapacity, resignation, or termination, and allows for adjustments during corporate actions such as bonus issues or mergers. Equity shares allotted upon exercise will not be subject to lock-in.

The scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The meeting commenced at 05:30 p.m. IST and concluded at 06:05 p.m. IST. The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of ESOP Grant

The company confirmed that the options are granted in terms of the SEBI regulations and that the terms of the scheme allow for adjustments in case of significant corporate events. The disclosure is available on the company's investor relations website.

One 97 Communications Limited will hold a board meeting on July 20, 2026, to consider unaudited financial results for the quarter ended June 30, 2026, and a proposal for the issuance of bonus shares to shareholders. The meeting, scheduled under Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will also seek necessary approvals for the bonus issue. The company has scheduled an earnings conference call on July 21, 2026, from 03:30 p.m. to 04:15 p.m. to discuss the quarterly performance.

The trading window for dealing in the securities of the company remains closed for all designated persons and their immediate relatives until July 22, 2026. This closure also applies to the bonus issue event. The mandatory pre-registration link for attending the earnings call has been provided on the company's investor relations website.

Key Meeting Details

The board will review the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the directors will evaluate the proposal for issuing bonus shares, which is subject to necessary approvals. The company will host the financial results and related details on its website.