The answer is a clear no. Equity is an ownership, option is just a contract. You hold shares in a demat account as it signifies proportional ownership of a company in the form of shares. Options are just contracts that are a play on the price and don’t create any ownership relationship. Holder of the equity options contracts do not have any of the rights that owners of equity shares have -such as voting rights and the right to receive bonus, dividend etc. To obtain these rights a Call option holder must exercise his contract and take delivery of the underlying equity shares.