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One 97 Communications Ltd, the parent company of Paytm, has announced the grant of 1,04,400 stock options to eligible employees under its existing One 97 Employees Stock Option Scheme 2019 (ESOP 2019).
The decision was approved during a meeting of the company’s Nomination and Remuneration Committee on May 6, 2025.
Each option granted under the scheme can be converted into one fully paid-up equity share with a face value of Rs 1. The exercise price has been fixed at Rs 9 per share. Based on Paytm’s prevailing share price, the value of the new stock options is estimated at around Rs 8.6 crore. These stock options are intended to incentivise key personnel and align their performance with long-term company goals.
In the same meeting, the Committee also noted that 6,60,284 stock options under ESOP 2019 have either been voluntarily forgone, cancelled, or lapsed. This includes 2,24,685 options that were voluntarily surrendered and cancelled, along with 4,35,599 options that lapsed as per the scheme’s terms.
The ESOP 2019 scheme follows the norms laid out by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. It allows employees to exercise their options during their active period of employment once the options are vested.
The scheme also outlines specific provisions in cases of resignation, termination, retirement, or other exceptional circumstances, ensuring fair treatment and adjustments where required.
The move comes at a critical time as Paytm is expected to release its financial results for the fourth quarter of fiscal year 2025 later today. In the previous quarter (Q3FY25), the fintech company reported Rs 1,828 crore in revenue and a loss of Rs 208 crore.
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