Physicswallah Limited has granted 2,23,100 stock options to eligible employees under its Physicswallah Limited Employees' Stock Option Plan 2025. The Nomination and Remuneration Committee approved the grant on July 11, 2026, through circulation, with the options effective from July 10, 2026. This move aims to incentivize employees by offering them an opportunity to participate in the company's growth.

The scheme is compliant with the SEBI (SBEB) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share with a face value of INR 1. The exercise price for these options has been fixed at INR 1 per share. The total number of equity shares covered by these options is 2,23,100.

The vesting of these options will occur as per the schedule determined by the Nomination and Remuneration Committee and as specified in the grant letter and the ESOP Plan 2025. The options can be exercised from the respective vesting dates during the employee's continuous tenure with the company, unless otherwise specified in the plan.

Key Details of the Grant

The ESOP Plan 2025 outlines provisions for handling options in cases of death, permanent incapacity, resignation, termination, or retirement. Additionally, adjustments to the number of options may be made in the event of corporate actions such as rights issues, bonus issues, share splits, mergers, or reorganizations. Equity shares allotted upon the exercise of these options will not be subject to lock-in and will rank pari passu with existing shares from the date of allotment.

Physicswallah Limited has granted 7,40,984 stock options to eligible employees under its Physicswallah Limited Employees' Stock Option Plan 2025. The options were approved by the company's Nomination and Remuneration Committee on Thursday, July 02, 2026, and are effective from July 01, 2026. This move aims to incentivize employees by offering them an opportunity to participate in the company's growth.

The scheme is compliant with the Securities and Exchange Board of India (SBEB) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share with a face value of INR 1. The exercise price for these options has been set at INR 1 per share. The total number of equity shares covered by these options stands at 7,40,984.

Key Details of the Grant

The vesting schedule for the options will be determined by the Nomination and Remuneration Committee and will follow the terms specified in the grant letter and the ESOP Plan 2025. Options can be exercised from the respective vesting dates, provided the employee remains in continuous service with the company, unless specific events outlined in the plan occur.

Significant Terms and Conditions

The ESOP Plan 2025 outlines provisions for handling options in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment. In the event of corporate actions such as rights issues, bonus issues, stock splits, consolidations, mergers, or reorganizations, adjustments to the number of options will be made fairly and reasonably in accordance with the plan.

Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period. Furthermore, shares arising from the conversion of options will rank pari passu with existing equity shares from the date of allotment. The company has disclosed that no options have been exercised, lapsed, or varied as of this grant date.