HCL Technologies Limited announced the grant of Restricted Stock Units (RSUs) to eligible employees of the Company and its subsidiaries. The grant was approved by the Nomination and Remuneration Committee (NRC) via resolution dated July 2, 2026, which was approved by circulation on July 3, 2026.
Grant Details
The RSUs were granted under two plans:
Under RSU Plan 2021:
- 204,784 RSUs granted to 9 eligible employees
Under RSU Plan 2024:
- 4,122,487 RSUs granted to 2,102 eligible employees
Total Grant: 4,327,271 RSUs representing 0.159% of the paid-up capital of the Company as on date
RSU Terms
Each RSU entitles the holder to one fully paid-up equity share of ₹2 each of the Company against each RSU vested and exercised.
Vesting Schedule
RSU Plan 2021:
- July 31, 2027: 204,784 RSUs
RSU Plan 2024:
- July 31, 2027: 3,760,726 RSUs
- June 30, 2028: 124,330 RSUs
- July 31, 2028: 78,345 RSUs
- June 30, 2029: 13,814 RSUs
- July 31, 2029: 145,272 RSUs
Exercise Terms
- Exercise Period: Vested RSUs must be exercised within a maximum period of 6 months from the date of vesting
- Exercise Price: ₹2 per RSU (at par value of equity share)
Implementation Mechanism
The RSU Plans are implemented through a trust mechanism where:
- The trust acquires shares from the secondary market
- Shares are transferred to eligible employees upon exercise
- No fresh shares will be issued by the Company to the Trust or to the employees
Dilution Impact
There will be no dilution of earnings per share as no fresh shares shall be issued in terms of the RSU Plans.
Cancellation of Previously Approved RSUs
The company also cancelled:
- 15,265 RSUs under RSU Plan 2021
- 11,356 RSUs under RSU Plan 2024
That were earlier approved for grant.