Nucleus Software Exports Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The disclosure intimates that the company's Nomination and Remuneration/Compensation Committee met on August 02, 2026, from 04:00 pm to 08:00 pm and approved the grant of 9,060 (Nine Thousand Sixty) Restricted Stock Units (RSUs) to an eligible employee under the Nucleus Software RSU Scheme-2026.
Key Details of RSU Grant:
- Number of RSUs granted: 9,060
- Effective grant date: August 02, 2026
- Face value per share: ₹10
- Exercise price per RSU: ₹10 (set at face value)
- Total shares potentially issuable: 9,060 equity shares of ₹10 each
- Scheme compliance: Yes, in terms of SEBI (SBEB & SE) Regulations, 2021
Pricing Formula:
The exercise price was determined at ₹10 per RSU, which is the face value of the company's shares. The committee has the power to provide suitable discounts on the market price but cannot go below the face value.
Vesting and Exercise Terms:
- Vesting period: Minimum 1 year, maximum 4 years from the grant date (August 02, 2026)
- Exercise period: After vesting, RSUs can be exercised either wholly or partly within a maximum period of 2 years from the respective vesting date
- The specific vesting schedule and exercise terms will be detailed in the Grant Letter/Vesting Letter provided to the grantee
Implementation Method:
The scheme will be implemented through a trust route, with the trust acquiring shares primarily through secondary acquisition from recognized stock exchanges. Fresh allotment from the company is a secondary option.
Other Details:
- The disclosure specifically notes that items related to RSU exercise, money realized, RSU lapsed, and subsequent changes are not applicable as this is solely about the grant of RSUs
- The diluted earnings per share impact is not quantified in this disclosure
- The grant is based on eligibility criteria mentioned in the scheme document
This disclosure was signed by Poonam Bhasin, Company Secretary, on August 02, 2026, at 20:13:36 IST.