One 97 Communications Limited — Others, 08-05-2025: Action(s) taken or orders passed

One97 Communications Limited has settled with SEBI over ESOP grant issues involving promoters Vijay Shekhar Sharma and Ajay Shekhar Sharma. The promoters agreed to cancel 2.1 crore and 2.2 lakh ESOPs respectively and paid settlement amounts totaling Rs. 1.11 Cr each for the company and Vijay Shekhar Sharma, and Rs. 0.57 Cr for Ajay Shekhar Sharma, who also paid disgorgement. Vijay Shekhar Sharma is barred from accepting fresh ESOPs from listed firms for three years. This settlement clears pending compliance matters without admitting any wrongdoing.