Event Details
The Nomination and Remuneration (HR) Committee of the Board of Directors approved the following business in its meeting held on July 28, 2026:
- Grant of 8,000 Options to eligible employees under the KPIT Technologies Limited - Restricted Stock Unit Plan 2022 ("RSU Plan 2022")
- The RSU Plan 2022 was approved by shareholders in the Annual General Meeting held on August 24, 2022
Grant Specifications
- Total Options Granted: 8,000 options to eligible employees as determined by the Committee
- Regulatory Compliance: Yes, compliant with SEBI (Share Based Employee Benefits) Regulations, 2014 and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Total Shares Covered: Not more than 8,000 shares
- Pricing Formula: Exercise Price per RSU shall be the face value of Share as on date of grant i.e. ₹10 per option
- Options Vested: Nil (as of grant date)
- Exercise Period: Vested Options shall be exercisable within a period of 5 years from the date of vesting
- Shares from Exercise: Nil (options yet to be exercised)
- Options Lapsed: Nil
- Variation of Terms: Nil
- Subsequent Changes/Cancellation/Exercise: Nil
Vesting and Conversion Terms
- Vesting Period: Options shall vest after minimum period of 1 year but not later than maximum period of 4 years from the date of grant
- Conversion Ratio: Each Option shall carry the right to be issued one share of the Company
- Diluted EPS Impact: Options are yet to be exercised - no current dilution impact
Financial Impact
Financial impact not quantified in the disclosure as options are unexercised. Potential future dilution of up to 8,000 shares if all options are exercised.