Key Quantitative Figures
- Stock Options Granted: 1,21,000 stock options
- Face Value per Share: ₹10/- each
- Exercise Price: ₹10/- per option
- Previously Vested Options: 2,24,500 (as of date)
- Options Exercised: 20,130 (as of date under IRIS ESOP 2023)
- Money Realized from Exercise: ₹39,12,160/-
- Options Lapsed: 43,500 (as of date under IRIS ESOP 2023)
- Total Shares from Exercised Options: 20,130 equity shares
Dates and Timing
- NRC Meeting Date: August 7, 2026
- Meeting Duration: 10:00 IST to 11:00 IST
- Vesting Timeline: After disclosure of financial results for financial year ending March 2028-29
- Exercise Window: 5 years from date of vesting
Parties Involved
- Granting Authority: Nomination and Remuneration Committee of IRIS RegTech Solutions Limited
- Recipients: Eligible employee(s) of the Company
- Compliance Officer: Santoshkumar Sharma, Company Secretary & Compliance Officer (ICSI membership number ACS 35139)
Vesting and Exercise Conditions
- Vesting subject to achievement of performance criteria as decided by Nomination and Remuneration Committee
- Continuation of employment required
- Subject to conditions specified in grant letter and IRIS ESOP 2023 Scheme
- Maximum entitlement: 1,21,000 options per grantee
Capital Structure Impact
Each stock option carries the right to apply for and be allotted 1 (one) equity share of face value ₹10/- each. The grant represents potential future dilution of 121,000 shares upon full exercise.
Financial Impact
Financial impact of new grant not quantified in the disclosure. Previous exercises realized ₹39,12,160/- from 20,130 options exercised.