Key Quantitative Figures

  • Total options granted: 1,45,000
  • Underlying equity shares: 1,45,000 equity shares of face value ₹10 each
  • Exercise price per option: ₹10

Dates of Action

  • Date of Committee approval: September 22, 2026
  • Vesting commencement: After one year from the grant date (i.e., after September 21, 2027)

Parties Involved

  • Granting entity: Xelpmoc Design and Tech Limited
  • Approving authority: Nomination and Remuneration Committee of the Company
  • Scheme: Xelpmoc Design and Tech Limited Employees Stock Option Scheme, 2020

Vesting and Exercise Details

Vesting Schedule:

  • Vesting period: 3 years after the initial 1-year cliff
  • Vesting ratio: 33% in year 2, 33% in year 3, and 34% in year 4

Exercise Period:

  • Maximum exercise period: Up to 7 years from the respective date of vesting for each tranche

Regulatory Framework

The grant is made:

  • In terms of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Under Xelpmoc Design and Tech Limited Employee Stock Option Scheme, 2020
  • As per the terms of appointment of the eligible employee