Key Quantitative Figures

The Nomination and Remuneration Committee (NRC) approved the grant of 3,39,665 stock options to eligible employees of the Company.

The options grant covers 3,39,665 equity shares of the face value of Rs. 10/- each, fully paid-up.

The grant has a two-tier pricing structure:

  • 1,78,090 stock options with an exercise price of Rs. 589.85 per equity share
  • 1,61,575 stock options with an exercise price of Rs. 10 per equity share

Dates of Action

The NRC approved the grant via a circular resolution dated July 8, 2026.

The disclosure letter to the exchanges is dated July 9, 2026.

Parties Involved

The grant was approved by the Nomination and Remuneration Committee (NRC) of Protean eGov Technologies Limited.

The options are granted to eligible employees of the Company.

The disclosure is signed by Maulesh Kantharia, Company Secretary & Compliance Officer (FCS 9637).

Terms and Conditions

The stock options will vest subject to fulfilment of vesting conditions, not earlier than 1 (one) year and not later than a maximum of 4 (four) years from the date determined by the NRC.

Once vested, the stock options must be exercised within 3 (three) years from the date of vesting.

Other Disclosures

The disclosure confirms that the scheme is in terms of SEBI (SBEB) Regulations, 2021.

Sections regarding options exercised, money realized, shares issued, options lapsed, variation of terms, subsequent changes, and diluted EPS are all marked as 'Not Applicable' for this grant.

Financial Impact

Financial impact of the grant is not quantified in the disclosure beyond the potential future equity dilution from 339,665 shares.

Capital Structure Impact

The grant represents a potential future dilution of equity capital upon exercise of options, amounting to 339,665 shares of face value Rs. 10 each.