Go Digit General Insurance Limited has announced a significant employee stock option grant, with its board committee approving the allocation of 25,05,074 stock options to eligible employees. The resolution was passed through circulation on December 23, 2025, under the company's Employee Stock Option Plan 2018.

ESOP Grant Details

The stock option grant covers eligible employees of both the company and its holding company, specifically excluding Key Managerial Personnel. The comprehensive details of the ESOP grant are outlined below:

Pricing and Regulatory Compliance

The options have been granted at a price over and above the face value of the company's equity shares. This pricing structure aligns with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the specific provisions of the Go Digit Employee Stock Option Plan 2018.

Vesting and Exercise Timeline

The ESOP scheme incorporates a structured timeline for vesting and exercise of the granted options:

Vesting Schedule

• Vesting Period: Options will vest after one year but not later than six years from the grant date
• Committee Discretion: The Nomination and Remuneration Committee will determine the specific vesting timeline

Exercise Period

• Exercise Window: Eight years from the date of vesting of options
• Flexibility: Alternative periods may apply as mentioned in ESOP 2018 amendments

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 and Para B of Part A of Schedule III and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also follows SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation has been simultaneously placed on the company's website at www.godigit.com and communicated to both BSE Limited and National Stock Exchange of India Limited.

Go Digit General Insurance shareholders have approved three key resolutions through a postal ballot, including an amendment to its Employee Stock Option Plan (ESOP) and the appointment of two new directors.

ESOP Amendment

Shareholders have approved the amendment to the Employee Stock Option Plan 2018, extending the exercise period from 4 years to 8 years from the date of vesting. This change aims to provide employees with more flexibility in exercising their stock options and potentially improve employee retention.

Director Appointments

Giridhar Aramane

Shareholders have approved the appointment of Giridhar Aramane as a Non-Executive Independent Director, effective November 1, 2025. Aramane, a former IAS officer, brings over 30 years of public service experience, including roles as Defense Secretary and Executive Director at the Insurance Regulatory and Development Authority of India (IRDAI).

Michael Wallace

The appointment of Michael Wallace as a Non-Executive Director has also been approved, effective November 1, 2025. Wallace has over 30 years of experience in property casualty insurance and currently serves as Vice President at Fairfax Financial Holdings Limited.

These appointments and the ESOP amendment reflect Go Digit General Insurance's efforts to enhance its employee benefits program and strengthen its board with experienced professionals from the insurance and public administration sectors.