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Pine Labs Limited — Capital/Financing Update 2026
Jun 19, 2026
60444_rns_2026-06-19_1ad7ac72-930f-4e6e-a7e1-b6fdae457cbf.pdf
Capital/Financing Update
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pine labs
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Date: June 19, 2026
To,
BSE Limited,
20th Floor, P.J. Towers,
Dalal Street,
Mumbai - 400001.
BSE Scrip Code: 544606
National Stock Exchange of India Limited,
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (E),
Mumbai – 400 051
NSE Scrip Symbol: PINELABS
Dear Sir/Ma’am,
Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III, we would like to inform that, the Nomination and Remuneration Committee (“NRC”) of Pine Labs Limited (“the Company”), has approved the grant of 26,10,989 employee stock options to the eligible employees under Pine Labs Employee Stock Option Plan 2025 (“ESOP Scheme”) of the Company, within the shareholders approved limit of 10,20,98,072 options at its meeting held today, i.e. on June 19, 2026.
The required information, in compliance with Para B of Part A of Schedule III to the SEBI Listing Regulations read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A.
The above information will also be available on the website of the Company at https://www.pinelabs.com/investor-relations.
You are requested to take the same on record.
Thank You.
For Pine Labs Limited
NEERAV Digitally signed by NEERAV MEHTA
MEHTA Date: 2026.06.19 21:43:55 +05'30'
Neerav Mehta
Company Secretary and Compliance Officer
Membership Number: A20949
Encl: a/a
Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.),
Unit no. 1504, 15th Floor, A Wing, Plot no. C-70, The
Capital, G Block, BKC Bandra East, Mumbai - 400051
+022 6986 3600 [email protected]
CIN: L67I00HR1998PLC113312
www.pinelabs.com
Registered office | Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), Unit no. 408, 4th Floor, Time Tower, MG road,
DLF QE, Gurgaon-122002, Haryana, India.
pine labs
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ANNEXURE-A
Details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
| Sl. No. | Particulars | Details |
|---|---|---|
| 1 | Brief details of stock options granted | 26,10,989 Options were granted to eligible employees by Nomination and Remuneration Committee under Pine Labs Employee Stock Option Plan 2025. |
| 2 | Whether the scheme is in terms of SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021 | Yes |
| 3 | Total number of shares covered by these options | 26,10,989 (Each stock option is convertible into one fully paid-up equity share having a face value of INR 1 each). |
| 4 | Pricing formula (Exercise Price) | 19,05,257 Options at INR 150.70 per stock option calculated as Volume Adjusted Weighted Average Price of last 3 months, discounted by 10% |
| 7,05,732 Options at INR 5.40 per stock option | ||
| 5 | Options vested/Vesting Schedule | Options vested - Nil stock options out of 26,10,989 have been vested so far. |
| Vesting schedule - | ||
| 1. For 7,05,732 stock options - vesting period 36 to 48 months. 1st vesting of 25% - 42% on completion of 12 months from grant date, thereafter monthly vesting. | ||
| 2. For 18,15,840 stock options - vesting period 40 to 48 months. 1st vesting of 25% - 42% on completion of 12 months from grant date, thereafter monthly vesting. | ||
| 3. For 89,417 stock options - Vesting period 48 months. 50% vesting on completion of 36 months, balance 50% vesting on completion of 48 months. | ||
| 6 | Time within which option may be exercised; | The exercise period shall be 5 years from the date of vesting subject to the terms and conditions of the Scheme. |
| 7 | Options exercised | Not Applicable. |
| 8 | Money realized by exercise of Options | Not Applicable |
| 9 | The total number of shares arising as a result of exercise of Options | Not Applicable |
| 10 | Options lapsed | Not Applicable |
| 11 | Variation in terms of Options | Not Applicable |
| 12 | Brief details of significant terms | In addition to terms related to exercise price as per Sl. No. 4 and vesting schedule as per Sl. No. 5 |
Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), +022 6986 3600 @ [email protected] CIN: L67100HR1998PLC113312
Unit no. 1504, 15th Floor, A Wing, Plot no. C-70, The
www.pinelabs.com
Capital, G Block, BKC Bandra East, Mumbai - 400051
Registered office | Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), Unit no. 408, 4th Floor, Time Tower, MG road,
DLF QE, Gurgaon-122002, Haryana, India.
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| Sl. No. | Particulars | Details |
|---|---|---|
| above, the grantee should be an active employee on the date of vesting. | ||
| 13 | Subsequent changes or cancellation or exercise of such Options | Not Applicable |
| 14 | Diluted earnings per share pursuant to the issue of equity shares on exercise of Options | Not Applicable |
Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), +022 6986 3600 @ [email protected] CIN: L67I00HR1998PLC113312
Unit no. 1504, 15th Floor, A Wing, Plot no. C-70, The
www.pinelabs.com
Capital, G Block, BKC Bandra East, Mumbai - 400051
Registered office | Pine Labs Ltd. (Formerly known as Pine Labs Pvt. Ltd.), Unit no. 408, 4th Floor, Time Tower, MG road,
DLF QE, Gurgaon-122002, Haryana, India.