Zomato’s mum or dad firm, Everlasting, has authorised a contemporary grant of worker inventory choices masking greater than 7.4 million shares, in accordance with the corporate’s alternate submitting.

The corporate’s Nomination and Remuneration Committee (NRC) authorised the allocation on 1 April via a round decision. The inventory choices have been issued underneath three schemes: the Foodie Bay Worker Inventory Possibility Plan 2014, Zomato Worker Inventory Possibility Plan 2021, and Zomato Worker Inventory Possibility Plan 2024.

A complete of seven,418,741 choices have been granted to eligible workers. Of those, 38 choices fall underneath ESOP 2014, 1,802,224 underneath ESOP 2021, and 5,616,479 underneath ESOP 2024.

Every inventory possibility is convertible into one totally paid-up fairness share with a face worth of Rs 1. In whole, 7,673,303 fairness shares are lined by the grant, together with changes linked to company actions underneath the schemes.

The train worth has been set at Rs 1 per inventory possibility. Below ESOP 2014 and ESOP 2021, workers might train their choices inside 10 years from the date of vesting or 12 years from the date of itemizing, whichever is later. Below ESOP 2024, the train window is 10 years from vesting.

The corporate mentioned the schemes additionally define how inventory choices can be handled in circumstances comparable to dying, everlasting incapacity, resignation, termination, retirement, or abandonment. Shares issued upon train is not going to be topic to a lock-in interval.

No choices have but vested, been exercised, lapsed, or altered, in accordance with the submitting.

As per the Thursday’s closing share worth of Rs 231.99, the newly granted ESOPs are valued at round Rs 172 crore.

In its most up-to-date quarterly outcomes, Everlasting reported income from operations of Rs 16,315 crore for the third quarter of the FY2025-26 monetary yr, with revenue standing at Rs 102 crore.