3i Infotech Limited submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding the grant of employee stock options.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The Nomination and Remuneration Committee (NRC) approved the grant of 8,75,000 stock options to identified employees of the Company under the 3i Infotech Stock Option Plan 2023 (ESOP 2023) at its meeting held on October 13, 2026. The meeting commenced at 1:15 PM and concluded at 2:55 PM.
Key Details of ESOP Grant:
- Total options granted: 8,75,000 stock options
- Total shares covered: 8,75,000 equity shares
- Pricing formula: ₹10 per stock option
- Vesting schedule:
- 1st year: 30%
- 2nd year: 30%
- 3rd year: 40%
- Exercise period: 5 years from the vesting date
- Scheme compliance: In terms of SEBI (SBEB) Regulations, 2021
Significant Terms:
- The ESOP 2023 provides provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, etc.
- The equity shares issued upon exercise of stock options will be pari-passu with existing equity shares in all respects
- The shares will not be subject to any lock-in period
Additional Information:
- Options exercised: Not applicable
- Money realized by exercise of options: Not disclosed
- Total number of shares from exercised options: Not disclosed
- Options lapsed: Not disclosed
- Variation of terms: Not disclosed
- Subsequent changes or cancellation: Not applicable
- Diluted EPS impact: Not applicable
The disclosure was signed by Varika Rastogi, Company Secretary and Compliance Officer, from the company's office at Varika Millenium Towers, Sector 9, Thane, Sanpada, 400705.