Indiabulls Limited has announced the grant of 2,69,90,964 stock options under its "Indiabulls Limited – Employee Stock Option Scheme 2025". This grant is in lieu of 91,80,600 outstanding stock options previously held by eligible employees of the erstwhile Dhani Services Limited under its "Dhani Services Limited Employees Stock Option Scheme – 2008" and "Dhani Services Limited Employees Stock Option Scheme – 2009".

The grant, which took effect following the NCLT-approved Scheme of Arrangement involving the merger of Dhani Services Limited with and into Indiabulls Limited on October 14, 2025, was approved by the Board-constituted Compensation Committee on January 19, 2026. The meeting commenced at 5:15 P.M. and concluded at 5:30 P.M.

Each stock option granted represents an equal number of fully paid-up equity shares of face value of ₹2/- each in the Company. The number of stock options, exercise price, vesting period, and exercise period have been determined in compliance with Clause 45 of the Scheme, taking into account the applicable share exchange ratio and the terms of the Dhani ESOP Schemes.