PhysicsWallah Limited has announced the grant of 79,02,080 stock options to eligible employees under its Employee Stock Option Plan 2025. The Nomination and Remuneration Committee approved this grant on April 01, 2026, through circulation, marking a significant employee incentive initiative by the edtech company.

Stock Option Grant Details

The comprehensive stock option grant covers substantial ground in terms of employee participation and financial structure:

Each stock option is convertible into one fully paid-up equity share, meaning the total grant covers 79,02,080 equity shares with a face value of ₹1 each.

Vesting and Exercise Framework

The stock options operate under a structured framework designed to align employee interests with company performance. The options will vest according to the schedule determined by the Nomination and Remuneration Committee, with specific details outlined in individual grant letters and the ESOP Plan 2025 document.

Employees can exercise their vested stock options at any time during their continuous active employment period, starting from the date of vesting. This flexible exercise window provides employees with strategic timing opportunities while maintaining their employment relationship with the company.

Key Plan Features

The ESOP Plan 2025 incorporates several important provisions to address various employment and corporate scenarios:

• Employee Life Events: The plan addresses how options are handled in cases of death, permanent incapacity, resignation, termination, retirement, and abandonment
• Corporate Actions: Provisions for adjustments during rights issues, bonus issues, share splits, consolidations, mergers, amalgamations, or other corporate reorganizations
• Share Trading: Equity shares allotted upon option exercise will not be subject to lock-in restrictions
• Equal Rights: New shares will rank pari passu with existing equity shares from the allotment date

Regulatory Compliance and Disclosure

The stock option grant complies with SEBI (SBE) Regulations, 2021, and was disclosed under Regulation 30 of the SEBI Listing Regulations. PhysicsWallah Limited has made this information available on its investor relations website and notified both the National Stock Exchange of India Limited and BSE Limited.

The company's Group General Counsel, Company Secretary & Compliance Officer Ajinkya Jain signed the regulatory filing, ensuring proper compliance with all disclosure requirements. This grant represents PhysicsWallah's commitment to employee participation in the company's growth through equity-based compensation structures.

PhysicsWallah Limited has announced impressive results from its flagship Vishwas Diwas event, recording ₹205 crore in collections from online categories during the 20-day period ending March 20, 2026. The education technology company's fifth annual academic celebration delivered strong year-on-year growth of 36%, demonstrating robust demand for its educational offerings.

Record Collections and Student Engagement

The Vishwas Diwas event attracted significant student participation, with over 34 lakh students engaging across social media platforms. This massive reach translated into substantial business outcomes for the company.

The company's mobile application experienced remarkable growth during the event period, with average daily installs increasing by 90%. This surge in app adoption reflects the growing digital adoption among students seeking quality educational content.

Enrollment Growth and Geographic Expansion

PhysicsWallah secured 439K enrollments during the Vishwas Diwas period, marking a 21% increase compared to the previous year. The enrollments originated from over 1500 new pin codes, indicating the company's expanding geographic penetration across India.

The State Boards category emerged as a standout performer with an exceptional 178% growth in enrollments, while vernacular batches saw a 100% increase, highlighting the company's success in regional language offerings.

Technology Integration and AI Innovation

Vishwas Diwas 2026 showcased PhysicsWallah's technological advancement through its AI-enabled academic support tool, AskAI. This voice-first AI model provides real-time, voice-enabled support in both English and Hindi during live online classes.

The AI tool's impressive performance metrics demonstrate student acceptance of technology-enhanced learning solutions, with the high satisfaction rate indicating effective implementation.

Leadership Perspective

Prateek Maheshwari, Co-Founder of PhysicsWallah, expressed confidence in the company's growth trajectory, stating that the momentum from Vishwas Diwas strengthens their conviction for the year ahead. He highlighted stronger early conversions and improving unit economics as key factors positioning the company favorably for the new academic year.

Event Significance and Future Outlook

Vishwas Diwas serves as PhysicsWallah's formal launch of its new academic cycle, featuring the unveiling of new batches, technology integrations, and learning initiatives. The 2026 edition's record performance across multiple metrics - collections, enrollments, geographic reach, and technology adoption - marks one of the company's strongest starts to an academic year.

The company noted that the information remains provisional and subject to review by statutory auditors, emphasizing that the update is provided voluntarily for informational purposes rather than as formal financial results or earnings guidance.