Zen Technologies Limited has granted 14,100 (Fourteen Thousand One Hundred) Employee Stock Options (ESOPs) convertible into an equal number of equity shares of face value of Re. 1/- each. The grant was approved by the Nomination and Remuneration Committee of the Board of Directors at its meeting held on July 25, 2026.
Key Details:
- Total ESOPs granted: 14,100 options
- Face value of underlying shares: Re. 1/- each
- Exercise price: ₹250 (Rupees Two Hundred and Fifty Only) per option
- The exercise price is more than the face value but less than the prevailing market price on the date of grant
- ESOP plan name: Zen Technologies Limited Employee Stock Option Plan – 2021
- Compliance: The grant is in accordance with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021
Vesting and Exercise Terms:
- Options will start vesting after a period of one year from the date of grant
- Options must be exercised within 2 years from the date of their respective vesting
- No options have been vested, exercised, lapsed, or resulted in share issuance as of this announcement
Additional Information:
- The scheme is administered by the Nomination and Remuneration Committee through Zen Technologies Limited Employees Welfare Trust
- Grant of options is based on eligibility criteria mentioned in the Scheme
- No variations, cancellations, or subsequent changes to the options have been made
- Diluted EPS impact is not applicable at this time
Additional Announcements:
The filing does not include any other corporate updates beyond the ESOP grant disclosure.