Zomato Approves Significant Stock Option Grant for Employees

Eternal Limited (formerly Zomato Limited) announced that its Nomination and Remuneration Committee (NRC) approved a total grant of 1,013,597 stock options under the Zomato Employee Stock Option Plan 2021 (ESOP 2021) to eligible employees. The approval took place at an NRC meeting held on July 21, 2025, which commenced at 1:15 P.M. IST and concluded at 1:42 P.M. IST.

Each stock option is convertible into one fully paid-up equity share with a face value of ₹1, and the exercise price is ₹1 per stock option. These options can be exercised within 10 years from the date of vesting, or 12 years from the date of listing, whichever is later. The ESOP 2021 scheme details provisions for various scenarios including death, permanent incapacity, resignation, and termination, ensuring comprehensive coverage for the granted options.