Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting - ESOP Scheme Approval
Corporate Actions:
The Board of Directors approved the formulation and implementation of "TeamLease Services Limited Employee Stock Options and Restricted Stock Units Scheme 2026" (ESOS 2026).
Scheme Details:
- Total pool: 256,450 equity shares of face value ₹10 each
- Employee stock options: 179,515 Options
- Restricted stock units: 76,935 RSUs
- Each Option/RSU convertible into one fully paid-up equity share
Pricing Formula:
- Options: Exercise price determined by Committee with maximum discount of up to 40% on market price on grant date
- RSUs: Exercise price equal to face value of equity share (₹10) on grant date
- Minimum exercise price in all cases: Not less than face value of equity share
Exercise Period:
Vested Options/RSUs may be exercised within a maximum period of four years from respective vesting date.
Approval Status:
Subject to approval of shareholders and required regulatory/statutory approvals.
Compliance:
The scheme is in compliance with Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Other Significant Information:
- The scheme was recommended by the Nomination and Remuneration Committee
- Significant terms will be made available on the Company's website