News ArticleBillionbrains Garage Ventures Grants Over 21 Lakh Stock Options to Employees Under 2024 Scheme
Each option convertible into one equity share at Rs. 2 exercise price with a 10-year exercise period from vesting
Billionbrains Garage Ventures Limited has granted 21,63,086 stock options to eligible employees under its Employee Stock Option Scheme 2024, each convertible into one equity share at an exercise price of Rs. 2. The options have a 10-year exercise period from the vesting date and include provisions for various employment contingencies.
Billionbrains Garage Ventures Limited
Preferential Issue
Billionbrains Garage Ventures Limited announced the grant of 21,63,086 stock options to eligible employees under its Employee Stock Option Scheme 2024, with options convertible into equity shares at a nominal exercise price of Rs. 2 each.
The stock options were granted on November 5, 2026, under the company's current ESOP framework compliant with SEBI's Share Based Employee Benefits Regulations, 2021.
Each stock option corresponds to one fully paid equity share with a face value of Rs. 2, covering a total of 21,63,086 shares subject to adjustments under corporate actions.
The exercise price for each stock option is Rs. 2, and the options have a validity period of 10 years from the date of vesting.
The scheme also details the handling of options in cases of death, permanent incapacity, resignation, termination, and retirement of employees.
No options have vested or been exercised as of the announcement date, and no money has been realized through option exercises yet.
Highlights
- 21,63,086 stock options granted under Employee Stock Option Scheme 2024.
- Each option exercisable into one equity share with face value Rs. 2.
- Exercise price fixed at Rs. 2 per stock option.
- Exercise period of 10 years from vesting date.
- Scheme includes provisions for contingencies such as death, resignation, and retirement.
Key Data Snapshot
What happened
- Billionbrains Garage Ventures Limited granted 21,63,086 stock options to eligible employees on November 5, 2026.
- These options are part of the Employee Stock Option Scheme 2024.
- Each option is convertible into one fully paid equity share with face value Rs. 2.
Key details
- The exercise price for each stock option is Rs. 2.
- Options have a 10-year exercise period from the vesting date.
- The scheme includes terms covering death, resignation, termination, permanent incapacity, and retirement.
- No options are vested or exercised as on the grant date.
Regulatory and governance context
- The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- Disclosure is made pursuant to Regulation 30 of SEBI Listing Regulations and Master Circular dated January 30, 2026.
Highlights
- 21,63,086 stock options granted under Employee Stock Option Scheme 2024.
- Each option exercisable into one equity share with face value Rs. 2.
- Exercise price fixed at Rs. 2 per stock option.
- Exercise period of 10 years from vesting date.
- Scheme includes provisions for contingencies such as death, resignation, and retirement.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- SEBI Master Circular dated January 30, 2026
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