Date: September 28, 2026
Board Meeting Outcomes
- The Nomination and Remuneration Committee of Allied Digital Services Limited approved, via a resolution by circulation on September 28, 2026, the cancellation of 5,00,000 (Five Lakh) Employee Stock Options.
- The options were originally granted on November 12, 2024, under the "ADSL Employees Stock Option Plan 2020".
- The cancellation was made pursuant to voluntary surrender by the respective employee(s).
- The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
ESOP Details
Original Grant Details:
- Number of Options Granted: 5,00,000
- Grant Date: November 12, 2024
- Plan: ADSL - Employees Stock Option Plan 2020
- Exercise Price: INR 200 per option
- Each stock option is convertible into one fully paid-up equity share of face value INR 5.
- The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Status at Cancellation:
- Options Vested: 1,00,000
- Options Exercised: Not applicable
- Money Realized by Exercise: Not applicable
- Options Lapsed: Not applicable
- Variation in Terms: Not applicable
- The time to exercise the options was up to 2 years from the date of vesting, subject to the scheme's terms.
Cancellation Outcome:
- The cancelled 5,00,000 options shall be brought back to the Employee Stock Options pool.
- These options will become available for future grants in accordance with the provisions of the ADSL – Employees Stock Option Plan 2020 and applicable laws.
- The cancellation has no impact on diluted earnings per share as no options were exercised.