Honasa Consumer, the parent organisation of Mamaearth, has announced an expansion of its employee stock ownership plan (ESOP) by allocating 45,663 stock options to qualifying employees. Each equity share is assigned a face value of Rs 10, with an exercise price also set at Rs 10 per share, as per the filing with the BSE. Based on Honasa’s closing stock price on that day, the total value of the new stock options amounts to Rs 1.12 crore. The notice specified that these vested options may be exercised by employees at any point during their employment or within 90 days following their last day of work with Honasa. This ESOP allocation comes nearly two months after the company experienced a decline in its unicorn status due to a series of developments following the announcement of its second-quarter earnings.
