Ramco Systems Limited has granted 26,615 employee stock options (ESOPs) under its Employee Stock Options Scheme - 2022 (ESOS 2022).

Key Details of the Grant:

  • Total Options Granted: 26,615
  • Face Value: Rs. 10 per share
  • Exercise Price: Rs. 10 per option, determined by the Nomination and Remuneration Committee (NRC) at a discount to the market price.
  • Market Price Reference: The closing price of the company's shares on the National Stock Exchange of India Limited on September 22, 2026.
  • Effective Grant Date: September 23, 2026
  • Regulatory Compliance: The grant is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Share Creation: If all granted options are vested and exercised, it would result in the creation of 26,615 equity shares of face value Rs. 10 each.

Vesting Schedule:

The 26,615 options have two distinct vesting schedules:

  • 23,180 Options: Vest over a 4-year period with 25% vesting at the end of the 1st year from the date of grant, followed by 6.25% vesting each quarter for the next 3 years, aggregating to 25% each at the end of the 2nd, 3rd, and 4th years.
  • 3,435 Options: Vest over a 3-year period with 40% vesting at the end of the 1st year from the date of grant, followed by 7.5% vesting each quarter for the next 2 years, aggregating to 30% each at the end of the 2nd and 3rd years.

Exercise Period:

All options, upon vesting, are exercisable within 10 (Ten) years from the vesting of the last tranche of the granted options, subject to the employees being in the employment of the company as per the scheme.

Significant Terms:

  • The scheme is administered by the Nomination and Remuneration Committee.
  • The grant is based on eligibility criteria mentioned in the scheme.
  • Vested options entitle the holder to acquire an equal number of equity shares upon payment of the exercise price.
  • Options can be exercised wholly or partly in multiples of lots specified in the Grant Letter.

Additional Announcements:

The filing is solely focused on the grant of ESOPs and contains no other corporate updates.