Latest news with #EmployeeStockOptionPlan
Time of India
22-07-2025
- Business
- Time of India
Paytm parent One 97 Communications reports significant impairment provisions, ESOP cancellation in Q1
One 97 Communications , the parent of fintech company of Paytm, announced its Q1 FY26 results on July 22. During the quarter under review, Paytm made a net gain of Rs 122.5 crore. In the comparable period a year ago, the company had incurred a loss of Rs 839 crore. The revenue came in at Rs 1,917 crore, a rise of 28% over the Rs 1,502 crore earned in the same quarter a year earlier. In its financial disclosures, the company has reported notable impairment provisions and changes regarding its Employee Stock Option Plan (ESOP). For the quarter ending June 30, 2025, the company recognised an impairment provision of Rs 26.1 crore for investments in subsidiaries and Rs 5.3 crore for investments in associates. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Project Management MBA Leadership Public Policy Cybersecurity Degree Healthcare Product Management Management Technology Others Data Analytics Operations Management PGDM Data Science Finance Data Science healthcare others Design Thinking MCA CXO Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Additionally, an impairment provision of Rs 11.4 crore was recorded for optionally convertible debentures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa Prices in Dubai Might Be Lower Than You Think! Villa for sale in Dubai | Search Ads Learn More Undo In comparison, for the previous quarter and the year ending March 31, 2025, the company acknowledged an impairment of Rs 17.7 million for investments in subsidiaries and Rs 19.6 million for optionally convertible debentures. In a related development, during the financial year ending March 31, 2022, the company granted 21 million ESOPs to its Managing Director and CEO, contingent on the achievement of specific milestones. Live Events The accounting for these ESOPs has been in line with the requirements of Ind AS 102, which governs share-based payments. However, during the financial year 2023-24, the company received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI). The SCN raised compliance concerns regarding the ESOPs under SEBI's SBEB Regulations. To address these concerns, the company opted to file a settlement application with SEBI, which was under discussion as of March 31, 2025. On April 16, 2025, the MD & CEO voluntarily chose to forego the granted ESOPs, a decision that was acknowledged by the Nomination and Remuneration Committee (NRC) of the company. Consequently, the NRC classified these ESOPs as cancelled, leading to an accelerated charge of Rs 492.4 crore, which was classified as an exceptional item in the Statement of Profit and Loss. Moreover, the cumulative cost associated with these ESOPs, amounting to Rs 4,092 crore, was transferred from the ESOP Reserve to Retained Earnings as of March 31, 2025. This adjustment reflects the company's ongoing commitment to adhere to applicable accounting standards. The cancelled options have since been returned to the company's ESOP pool under the One 97 Employees Stock Option Scheme, 2019, the company said in its statement.
News18
21-07-2025
- Business
- News18
From Rs 15 Cr Missed ESOPs To 25,000 Shares Target: Advisor Buys 10 HDFC Bank Stocks Monthly
Last Updated: Financial advisor regrets leaving Rs 15 crore gains in HDFC Bank stocks for a 25% salary hike. He now buys 10 HDFC shares monthly, aiming for 25000 shares in 10-20 years. A financial advisor has shared an interesting anecdote on how he left ESOPs worth Rs 15 crore in HDFC Bank stocks by switching job for a 25 per cent salary hike. He regretted his decision to lose compounded gains that could have been made if he had stayed longer, as explained in the X post by Gurmeet Chadha, a Chief Investment Officer of a wealth management company. His post came in the context of the first bonus issue in over 30 years by India's largest private lender. At the time, Chadha chose to exit without vesting his Employee Stock Option Plan (ESOPs), tempted by the immediate increase in salary. However, by 2010, he realised the long-term wealth he had forgone. As a result, he started buying 10 HDFC Bank shares every month—a disciplined investing habit he has continued for nine years. In a striking comparison, he noted that a former colleague who stayed back and allowed the ESOPs to vest is now sitting on a fortune worth Rs 15 crore. 'Lesson learnt—Never interrupt the compounding process," Chadha wrote. Chadha said that he has been compensating his foregone by purchasing 10 HDFC Bank shares every month for the last 15 years, apart from adding lump sum during corrections. He said he has been looking to have over 25000 shares with a time horizon of 10-20 years. 'Yes I have been for more 15 years + & also add lump sum during corrections. My quantity goal is 25000 shares. I think of 10-20 times in 10-20 years & not 10-20%," he added in the X post. In a regulatory filing along with Q1FY26 results, HDFC Bank also announced a bonus issue. It said, 'Issuance of Bonus equity shares in the proportion of 1:1 i.e. 1 (One) equity share of Re. 1/- each for every 1 (One) fully paid-up equity share of Re. 1/- each held by the Members of the Bank as on the Record Date (mentioned below)." The bank also announced a special interim dividend of Rs 5 per equity for the financial year 2025-26. HDFC Bank shares have given a whopping 35,994 per cent since the listing in 1995, as per Google Finance. This also include two times stock splits in 2011 and 2019. HDFC Bank on Saturday reported a 12.24 per cent year-on-year rise in its standalone net profit to Rs 18,155.21 crore for the first quarter ended June 2025. Its net interest income, which is the difference between interest earned and interest expended, rose 5.4% to Rs 31,439 crore in April-June, against Rs 29,839 crore in the year-ago period. Its net profit had stood at Rs 16,174.75 crore in the corresponding period last year. However, on a consolidated basis, its net profit fell by 1.31 per cent to Rs 16,258 crore for the June 2025 quarter. The lender had reported a net profit of Rs 16,475 crore in the year-ago period. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
18-07-2025
- Business
- Business Upturn
LTIMindtree shares fall nearly 2% following Q1 results — Should you buy, hold or sell? Know more
By Aditya Bhagchandani Published on July 18, 2025, 09:26 IST Shares of LTIMindtree traded lower by nearly 2% on Friday at around ₹5,100.50, despite the company delivering a strong set of Q1 FY26 numbers that beat expectations on several fronts. The stock slipped from its previous close of ₹5,194.50 as investors digested the results and weighed valuations after a recent run-up. For the quarter ended June 30, 2025, LTIMindtree reported a 10.6% year-on-year (YoY) rise in net profit to ₹1,254.1 crore, from ₹1,133.8 crore a year ago. Sequentially, profit grew by about 11%. Revenue from operations increased 7.6% YoY to ₹9,840.6 crore, and marginally by 0.7% over the March quarter. EBIT improved 4.5% QoQ to ₹1,406.5 crore, with EBIT margin expanding to 14.3% from 13.8%, supported by operational efficiencies and strategic initiatives like Fit4Future and AI-led offerings. Order inflows were robust, rising to $1.63 billion, up 16.4% YoY and 1.9% QoQ, reflecting strong client confidence and a healthy deal pipeline. CEO & MD Venu Lambu called it a 'promising start to the year', citing improvements in growth, margins, and strategic execution. Notably, the company secured an AI-driven contract with a global agribusiness leader during the quarter. On the employee front, the board approved issuing 67,252 shares under its Employee Stock Option Plan, aimed at rewarding and retaining talent. Should you buy, hold or sell LTIMindtree shares? Brokerages remain upbeat on LTIMindtree's medium-term prospects despite the stock's muted reaction today. HSBC reaffirmed its 'Buy' rating , raising its target price to ₹6,000 from ₹5,900. It cited improved fundamentals, strong order wins, and leadership strategies that could help LTIMindtree outperform larger peers. HSBC also highlighted the company's AI initiatives like BlueVerse and Agentic AI ecosystem, which enhance its digital transformation and automation capabilities. While the stock faces short-term pressure after the results, analysts believe LTIMindtree's strategic focus on AI, operational efficiencies, and strong deal wins support its long-term growth outlook. Investors may consider staying invested, while awaiting further delivery in the coming quarters. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
New Indian Express
25-06-2025
- Politics
- New Indian Express
Summoning lawyers over client matters threatens administration of justice, says SC
The Court framed two critical questions for consideration: When an individual is involved in a case solely as a lawyer advising a client, can the investigating agency, prosecution, or police directly summon the lawyer? And even if the agency believes the individual's role goes beyond that of legal counsel, should such instances still require judicial oversight before any summons is issued? Emphasizing the seriousness of the matter, the Court underscored that both questions must be addressed comprehensively, as the integrity and efficacy of the administration of justice are at stake Considering the importance of the matter, the Court ordered that the matter be placed before the Chief Justice of India (CJI) for appropriate directions. Meanwhile, the Court granted interim relief to the lawyer who was summoned by the police in Gujarat. 'There shall be a stay on the High Court order and a stay on the operation of summons and any other notices issued to the petitioner,' the Court ordered. The court order comes just days after a controversy broke out over Enforcement Directorate (ED)'s summons to Senior Advocates Arvind Datar and Pratap Venugopal in relation to an investigation involving the Employee Stock Option Plan (ESOP) granted by Care Health Insurance (CHIL) to former Religare Enterprises Chairperson Rashmi Saluja. Both summons were withdrawn following strong resolutions issued by Bar associations across the country. In response, the ED also issued a circular directing its officials not to summon advocates in violation of Section 132 of the Bharatiya Sakshya Adhiniyam, 2023. The Supreme Court Advocates-on-Record Association (SCAORA) had earlier written to Chief Justice B.R. Gavai, urging the Court to take suo motu cognizance of the increasing instances of lawyers being summoned by investigating agencies.
Economic Times
21-06-2025
- Business
- Economic Times
Sebi's June 2025 board meeting: A regulatory makeover with market empathy
Simplification of Institutional Fund Raising Startup Founders Rejoice Live Events Freedom to Merchant Bankers Welcome to Indian Markets Key Message: (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Securities and Exchange Board of India (Sebi) in its last board meeting unveiled a sweeping set of regulatory reforms that reflect both market responsiveness and forward-looking policymaking. This meeting wasn't just a quarterly update — it was a full-body reset on many longstanding regulatory frameworks, aimed at easing compliance burdens, deepening market access , and aligning Indian capital markets with global meeting also marked a strategic recalibration of SEBI's regulatory posture. It demonstrated a commitment to reducing compliance friction while safeguarding core market integrity. In doing so, SEBI is responding to the evolving expectations of a maturing market, one that now hosts retail participation at scale, large institutional flows, digitised securities infrastructure, and increased cross-border also gave its green light to a streamlined disclosure regime for Qualified Institutions Placements. The lengthy and often duplicative disclosure requirements will give way to concise, issue-specific and material risk disclosures, leveraging publicly available data. Companies will no longer need to reproduce financials already present in the public domain, making capital-raising quicker and more new-age tech companies decide to go public, they reach a point where they can no longer use the ESOP (Employee Stock Option Plan) benefits available to startup promoters. At the same time, the founders are usually classified as 'promoters' in the draft prospectus (DRHP) because of their combined shareholding. Once identified as promoters, and given the rules that apply to listed companies under SEBI's ESOP regulations, they are no longer allowed to receive ESOPs—regardless of whether the company is still considered a has been a long-standing problem, and many industry bodies, including FICCI, have given representation to the regulator to address this concern. Resultantly, SEBI in the floated consultation paper of March 2025 sought to clarify the treatment of Employee Stock Ownership Plans granted to per this recent progressive decision, the startup founders classified as promoters can now continue to hold and/or exercise share-based benefits, such as ESOPs, even after the company lists, provided these benefits were received at least one year prior to filing the previously proposing that merchant bankers separate their non-regulated activities into a different legal entity, SEBI has eased its stand. Merchant bankers can now conduct regulated as well as certain non-regulated, fee-based financial services within the same entity — provided they comply with their respective financial sector regulators' guidelines and SEBI-prescribed conditions. This was in direct response to feedback from key industry bodies like FICCI, which warned of unnecessary cost and a move intended to enhance flexibility for companies considering reverse flipping and improve investor participation, SEBI approved amendments to its ICDR Regulations. Following a consultation paper of March 2025, SEBI relaxed the one-year minimum holding period requirement for equity shares arising from the conversion of fully paid-up compulsorily convertible securities acquired under approved schemes. Investors can now offer these shares in a public issue, harmonising these provisions with the existing minimum promoters' contribution requirements.'Ease of Doing Business is not a dilution — it is a deliberate design. But it must be paired with credible safeguards, professional discipline, and investor-first thinking.'With reforms addressing Alternative Investment Funds, Real Estate and Infrastructure Investment Trusts (REITs/InvITs), Merchant Bankers, Debenture Trustees, and more, SEBI is laying down a unified, consistent, and future-compatible regulatory said, there is scope to do more. The regulator could further simplify the capital-market instruments — for example, by allowing a fast-track conversion process for Private InvITs to list as Public InvITs. Steps like these will make the Indian capital markets even more accessible, liquid, and investor-friendly.
