The equity shares have face value of INR 10 each and exercise price of the stock options is also set at INR 10 per share
Honasa’s filing mentioned that the vested options can be exercised by the employee during the employee’s tenure or within 90 days from the date of last working day of the eligible employee
Founded in 2016 by the husband-wife duo Varun and Ghazal Alagh, Honasa’s product portfolio comprises six beauty and personal care brands
Honasa Consumer Ltd, which owns new-age FMCG brands like Mamaearth
and The Derma Co, has approved the allotment of 45,663 stock options under employee stock option plan (ESOP).
The company’s nomination and remuneration committee has approved “a total grant of 45,663 stock options under Honasa Consumer Limited Employee Stock Options Plan – 2018 (“ESOP – 2018”) to the eligible employees,” as per its BSE filing.
Based on the stock’s closing price on Friday, the value of the new stock options translated to INR 1.12 Cr.
The equity shares have face value of INR 10 each and its exercise price is also set at INR 10 per share.
Honasa’s filing mentioned that the vested options can be exercised by the employee during the employee’s tenure or within 90 days from the date of last working day of the eligible employee.
The company in September approved the allotment of 5,46,601 stock options under the same ESOP plan.
The recent ESOP expansion comes after Honasa roped in Lokesh Chhaparwal as senior vice president – technology and engineering earlier this month.
Further, Honasa’s chief business officer (CBO) Zairus Master also resigned from his role a few weeks ago.
On the financial front,Honasa posted a consolidated net loss of INR 18.6 Cr in the quarter ended September 2024 (Q2 2025) against a net profit of INR 29.4 Cr a year ago and INR 40.3 Cr in the preceding June quarter.
The D2C brands’ top line also took a hit as revenue from operations fell nearly 7% to INR 461.8 Cr during the quarter under review from INR 496.1 Cr in Q2 FY24.
Founded in 2016 by the husband-wife duo Varun and Ghazal Alagh, Honasa’s product portfolio comprises six beauty and personal care brands which include Mamaearth, The Derma Co., Aqualogica, Ayuga, BBlunt and Dr. Sheth’s.
Shares of Honasa closed the trading session at INR 246.45 on the BSE on Friday.
