Nazara Technologies proposes new ESOP to attract, retain talent

Nazara Technologies Limited has announced a postal ballot to seek shareholder approval for its "Nazara Technologies Employee Stock Option Scheme 2025" (ESOP 2025). This scheme aims to grant up to 1,852,325 fully paid-up equity shares with a face value of 2 rupees each to eligible employees, including directors not part of the promoter group. The initiative, approved by the board and nomination, remuneration and compensation committee on November 12, 2025, is intended to motivate employees and foster an ownership culture.

The remote e-voting period for the postal ballot will commence on Wednesday, December 17, 2025, at 9:00 A.M. (IST) and conclude on Thursday, January 15, 2026, at 5:00 P.M. (IST). Shareholders registered as of the cut-off date, Friday, December 12, 2025, are eligible to vote. The results are expected to be announced within two working days of the e-voting period's end, with the resolution deemed passed on January 15, 2026, if approved by the requisite majority.

Under the ESOP 2025, options will vest over a period of one to four years from the grant date, with an exercise price not less than the face value of the equity shares and not exceeding the market price. The scheme also allows for adjustments to the number of shares in case of corporate actions such as rights or bonus issues.