Zen Technologies Limited has granted 12,000 (Twelve Thousand) Employee Stock Options (ESOPs) under its "Zen Technologies Limited Employee Stock Option Plan – 2021".
Key Details:
- Each option is convertible into one equity share of face value of Re. 1/- each
- The exercise price is set at ₹500 (Rupees Five Hundred) per option
- The exercise price is noted to be more than the face value but less than the prevailing market price on the date of grant (October 31, 2026)
- The grant was approved by the Nomination and Remuneration Committee of the Board of Directors at their meeting held on October 31, 2026
Vesting and Exercise Period:
- Options will start vesting after a period of one year from the date of grant
- Once vested, options must be exercised within 2 years from the date of respective vesting
Regulatory Compliance:
- The grant complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021
- The disclosure is made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The scheme is administered by the Nomination and Remuneration Committee through Zen Technologies Limited Employees Welfare Trust
Additional Information:
- No options have been exercised, lapsed, or varied as of this announcement
- The diluted earnings per share impact is not applicable at this stage
- The grant is based on eligibility criteria mentioned in the Scheme
Additional Announcements:
The filing does not contain any additional corporate announcements beyond the ESOP grant disclosure.