PhysicsWallah Grants ESOPs Under 2025 Plan; Shares Rise Over 3%

Mumbai, July 2:PhysicsWallah Ltd. has approved the grant of 740,984 stock options to eligible employees under its Employees’ Stock Option Plan 2025 (ESOP Plan 2025), according to an exchange filing.

The approval was granted by the company’s Nomination and Remuneration Committee through a circular resolution passed on July 2, 2026. The options have been granted with effect from July 1, 2026.

Each stock option is convertible into one fully paid-up equity share of the company having a face value of ₹1. Accordingly, the grant covers 740,984 equity shares.

The company said the options will vest in accordance with the vesting schedule specified in the grant letter and the ESOP Plan 2025. Employees will be eligible to exercise vested options during the exercise period prescribed under the scheme, subject to applicable terms and conditions.

The exercise price has been fixed at ₹1 per option, while the options remain subject to the provisions of the company’s ESOP framework, including adjustments in the event of corporate actions such as bonus issues, stock splits, mergers or similar events.

Stock Market Snapshot

Investors appeared to take the disclosure in stride, with the stock remaining firmly in positive territory.

As of 2:41 PM IST on July 2, PhysicsWallah share price was trading at ₹133.20, up ₹4.33, or 3.36%, on the day.

ESOP grants are a routine part of employee compensation for listed companies, particularly those in the technology and education sectors, where equity-linked incentives are widely used to retain talent and align employees with long-term business performance.

ESOPs Aim to Strengthen Employee Ownership

The latest grant forms part of PhysicsWallah’s broader employee ownership programme and is intended to reward and retain eligible employees.

The company clarified that no options have yet been exercised under this grant and no equity shares have been issued pursuant to the approval. Dilution, if any, will occur only when vested options are exercised in accordance with the scheme.

The filing also noted that equity shares allotted upon exercise of the options will rank pari passu with the company’s existing equity shares from the date of allotment.

Company Background

PhysicsWallah operates one of India’s largest education technology platforms, offering online and offline learning programmes across school education, competitive examinations and professional courses. Since its public listing, the company has continued to expand its academic offerings while using stock-based compensation as part of its long-term talent retention strategy.

Conclusion

The ESOP approval does not involve any immediate issuance of shares but expands the pool of equity incentives available to eligible employees under the company’s 2025 stock option plan.

The grant reflects PhysicsWallah’s continued focus on employee ownership as it scales its operations, while investors will monitor future vesting and exercise trends for any potential impact on share capital.

Source:

• https://www.nseindia.com/get-quote/equity/PWL/Physicswallah-Limited
• https://nsearchives.nseindia.com/corporate/NEAPSPW_02072026142042_Intimationgrantofesopjune2026.pdf