Zaggle Grants 1.27 Lakh ESOPs at ₹223 Exercise Price
Zaggle Prepaid Ocean Services Limited approved granting 1,27,623 stock options to employees under its ESOP 2022 scheme on February 12, 2026. The exercise price is set at ₹223 per option, representing a 25% discount to the previous day's market price.
Granting ESOPs is a routine practice for employee compensation and retention and typically has a minimal immediate impact on the company's stock price or overall financial performance.
The company has approved the grant of stock options to its employees, which is generally seen as a positive move for employee motivation and retention.
Zaggle Prepaid Ocean Services Limited announced on February 12, 2026, that its Nomination and Remuneration Committee / Compensation Committee has approved the grant of 1,27,623 (One Lakh Twenty-Seven Thousand Six Hundred Twenty-Three) Options to eligible employees under the Zaggle Employee Stock Option Scheme 2022 (Zaggle ESOP 2022).
The meeting of the Nomination and Remuneration Committee / Compensation Committee commenced at 12:45 PM (IST) and concluded at 01:07 PM (IST) on February 12, 2026.
Each stock option granted is convertible into one fully paid-up equity share of face value ₹1 each. The exercise price for these stock options has been set at ₹223 per option. This exercise price was determined as a 25% discount to the closing market price of the company's shares on February 11, 2026, the day prior to the committee's meeting.
The Zaggle ESOP 2022 is administered by the Nomination and Remuneration Committee / Compensation Committee and is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The terms of the ESOP scheme include provisions for adjustments in case of corporate actions such as rights issues, bonus issues, stock splits, mergers, or amalgamations. The equity shares allotted upon exercise of these stock options will not be subject to a lock-in period.
What to do with a filing like this
Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.