Zen Technologies Limited has transferred 4,040 equity shares of face value ₹1 each to eligible employees. The transfer was made from the Zen Technologies Limited Employees Welfare Trust upon completion of the respective vesting periods as per the company's Employee Stock Option Plan-2021 (the Scheme).
The allotted shares rank pari-passu with the existing equity shares of the company. There is no change in the paid-up share capital of the company subsequent to this transfer, which remains at 9,02,90,356 shares.
The allotment was made under the Zen Technologies Limited Employee Stock Option Plan-2021, in compliance with Regulation 10 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The ISIN for the shares is INE251B01027. The shares are listed on both BSE Limited and the National Stock Exchange of India Limited. There are no lock-in restrictions on the allotted shares.
Exercise Price Details
The shares were allotted at two different exercise prices:
- 950 shares were allotted at an exercise price of ₹100 per share, with a premium of ₹99 per share.
- 3,090 shares were allotted at an exercise price of ₹500 per share, with a premium of ₹499 per share.
Additional Announcements
The filing serves as a regulatory compliance disclosure to the stock exchanges. The initial statement for the ESOP scheme was filed with the recognized stock exchanges on January 21, 2022.