One 97 Communications approves stock option grant for employees

One 97 Communications Limited announced on October 15, 2025, that its Nomination and Remuneration Committee approved the grant of 246,261 stock options to eligible employees under the One 97 Employees Stock Option Scheme 2019 ("ESOP 2019"). Each stock option is convertible into one fully paid-up equity share with a face value of ₹1 and an exercise price of ₹9 per stock option.

The company also noted that 969,511 stock options had lapsed, and 4,557 stock options were canceled in accordance with the ESOP 2019 terms and conditions. The stock options granted will be exercisable during the entire period of continuous active employment from the vesting date. The scheme also includes provisions for handling stock options in cases of corporate actions like rights issues, mergers, or reorganizations.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.