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Flexible workspace provider Awfis Space Solutions Ltd (BSE:544181 NSE:AWFIS) said its nomination and remuneration committee has approved the grant of 136,777 employee stock options under the Awfis Space Solutions Employee Stock Option Scheme 2024. The approval was given at a meeting held on August 11, 2025 in New Delhi, the company said in a filing with the stock exchanges.
Each option is convertible into one equity share of ₹10 face value. Of the total grant, 106,942 options will vest over two years with 25 percent vesting each year, and 29,835 options will vest over four years on the same annual schedule. The options have been granted at three different prices: ₹90 for 106,942 options with a discount of 84.01 percent, ₹337.68 for 19,000 options with a discount of 40 percent, and ₹393.96 for 10,835 options with a discount of 30 percent.
All vested options must be exercised within two years from the date of vesting. In the event of death or permanent incapacity, all vested and unvested options will vest immediately and may be exercised within 12 months by legal heirs or nominees. The scheme also includes provisions for retirement, resignation, termination, inter-company transfers and other changes in employment status.
The company said the grant is in compliance with the Securities and Exchange Board of India’s Share Based Employee Benefits and Sweat Equity Regulations 2021 and will be implemented through direct allotment of fresh shares.