Spacenet Enterprises India Limited — Important, 19-10-2024: Updates

Spacenet Enterprises India Limited has approved the grant of 2,970,000 Employee Stock Options (ESOPS) at an exercise price of Re.1 per option under the "Spacenet Employee Stock Option Scheme 2021." The options will vest over four years, with 60% vesting after one year. Eligible employees can exercise the options within six months from vesting. No payment is required at the time of the grant, and shares from exercised options will not be locked-in.