Zaggle Grants 2.5 Lakh Stock Options Under ESOP 2022
Zaggle Prepaid Ocean Services Limited has approved the grant of 2,50,000 stock options under its ESOP 2022. The exercise price is set at ₹ 151 per option, representing a 25% discount to the market price on August 13, 2026. Each option is convertible into one equity share.
Granting stock options is a common employee incentive and typically has a minimal immediate impact on the company's stock price or overall financial standing, unless the quantum or terms are highly unusual.
The announcement is a routine grant of stock options to employees, which is a standard practice and does not inherently indicate a positive or negative change in the company's financial performance or outlook.
Zaggle Prepaid Ocean Services Limited has announced the grant of 2,50,000 (Two Lakhs Fifty Thousand) Stock Options to eligible employees under the Zaggle Employee Stock Option Scheme 2022 (Zaggle ESOP 2022). The approval was granted by the Nomination and Remuneration Committee / Compensation Committee during their meeting held on Friday, August 14, 2026.
The meeting commenced at 12:45 PM (IST) and concluded at 01:15 PM (IST). Each Stock Option is convertible into one fully paid-up equity share of face value ₹ 1/-. Consequently, 2,50,000 equity shares of face value ₹ 1/- each are covered by these options. The exercise price for each stock option has been set at ₹ 151/-, determined as a 25% discount to the closing market price on August 13, 2026.
The Zaggle ESOP 2022 is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme details the terms and conditions for exercising options, including provisions for vesting, expiry, and adjustments in case of corporate actions like rights issues, bonus issues, or mergers. The equity shares allotted upon exercise of these options will not be subject to a lock-in period.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under designated person disclosures. 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.