Awfis grants 71,770 employee stock options under 2024 scheme

Awfis Space Solutions Limited has granted 71,770 Employee Stock Options to eligible employees under its Awfis Space Solutions Employee Stock Option Scheme – 2024. The Nomination and Remuneration Committee approved these options at its meeting on November 24, 2025. Each option is convertible into one equity share of the company with a face value of INR 10. The options were granted at INR 389.69 per option.

The options will vest over a period of four years, with 25% vesting upon completion of each 12-month period from the effective grant date of November 24, 2025. The scheme allows options to be exercised within a maximum of two years from the date of respective vesting for continuous employment. In cases of cessation of employment, specific rules apply, including immediate vesting for death or permanent incapacity, and cancellation of unvested options for "Good Leavers."

These 71,770 options will convert into an equivalent number of equity shares upon exercise, aligning with the company's employee retention and incentive strategies. The scheme is in compliance with SEBI (Share-Based Employee Benefits & Sweat Equity) Regulations, 2021.