Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), One 97 Communications has informed that the Board of Directors of the company at its meeting held today March 11, 2025, based on the recommendations of the Nomination & Remuneration Committee (NRC), have considered and approved amendments in One 97 Employees Stock Option Scheme 2019 (‘ESOP Scheme 2019’), subject to the approval of the Members of the Company, in compliance with applicable provisions of the Companies Act, 2013 read with rules thereunder and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. These amendments, reinforce performance-linked rewards and long-term value creation, aligning with the Company’s vision of recognizing contributions, driving sustainable growth and are in line with industry practices as under: a. Vesting of ESOPs by employees will be based on an individual's annual performance rating in the latest annual appraisal exercise. b. Change in vesting schedule from 5 years to 1-5 years from the grant date for future grants. c. Other amendments clarifying continuity of the ESOP vesting schedule on internal mobility within group companies. The Postal Ballot Notice for seeking Members’ approval on the amendments in ESOP Scheme 2019, as approved by the Board will be dispatched to the Members and submitted to the Stock Exchanges, in due course. The Board meeting commenced at 08:54 am (IST) and concluded at 10:16 am (IST). This disclosure will also be hosted on the Company's website: https://ir.paytm.com/.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
One97 Communications | 751.20 |
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