ESOP/ESOS/ESPS

Physicswallah Limited (PWL) announced on June 20, 2026, that its Board of Directors approved the allotment of 4,494,276 new fully paid-up equity shares. These shares were issued to eligible employees who exercised their vested stock options under the company's ESOP scheme. This allotment increases the total number of outstanding shares, resulting in a minor dilution for existing shareholders.