Insurtech firm Go Digit General Insurance grants 25.05 lakh stock options to employees

Go Digit General Insurance has approved the grant of 25.05 lakh employee stock options under its Employee Stock Option Plan 2018, according to a stock exchange filing.

General Insurance has approved the grant of 25.05 lakh employee stock options under its Employee Stock Option Plan 2018, according to a stock exchange filing.

The Nomination and Remuneration Committee of Go Digit General Insurance cleared the grant through a resolution passed by circulation on December 23, 2025.

The options have been granted to eligible employees of the company and its holding company, excluding key managerial personnel, in line with the ESOP 2018 framework and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Each option is convertible into one fully paid-up equity share with a face value of Rs 10. In total, the grant covers 25,05,074 equity shares. The options have been issued at a price above the face value, as determined under the applicable SEBI regulations and the ESOP 2018 scheme.

As per the terms disclosed, the options will vest after a minimum period of one year and no later than six years from the grant date, based on conditions set by the Nomination and Remuneration Committee. Once vested, employees can exercise the options within a period of eight years from the date of vesting, or such other period as specified under the ESOP plan from time to time.

Based on the company’s prevailing share price of around Rs 345, the newly approved ESOP grant is valued at nearly Rs 87 crore, or about $9.65 million.

The ESOP approval comes against the backdrop of steady financial performance. In the second quarter of FY26, Go Digit reported a 10% year-on-year increase in operating revenue to Rs 2,088 crore, while profit rose 30% to over Rs 100 crore.