Spacenet Enterprises India Limited — Important, 19-10-2024: Committee Meeting 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 to eligible employees under the "Spacenet Employee Stock Option Scheme 2021." The options will vest over four years, with 60% vested after the first year. No payment is required at the time of granting the options, and they entitle holders to apply for one equity share each.