One 97 Communications Limited — Board Meeting, 16-04-2025: Outcome of Board Meeting

The Nomination and Remuneration Committee has noted that Mr. Vijay Shekhar Sharma has voluntarily forfeited 2.10 crore ESOPs, which will be cancelled and returned to the ESOP pool. This decision will result in a one-time, non-cash ESOP expense acceleration of ₹492 crores in Q4 FY 2025, with a corresponding reduction in future ESOP expenses. Further details will be shared with the Q4 FY 2025 financial results.