Digicontent Limited has informed the exchange regarding grant of Restricted Stock Units ( RSUs ) pursuant to approval of nomination and remuneration committee.
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Digicontent Limited's Nomination and Remuneration Committee has approved the grant of 15,01,000 Restricted Stock Units (RSUs) to eligible employees under the company's RSU Scheme 2025. Each RSU converts into one fully paid-up equity share of face value Rs. 2, with an exercise price of Rs. 2 per option. The vesting period ranges from 1 to 4 years from the grant date, and employees can exercise these options within 7 years from the date of vesting. The scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and there is no lock-in period after share allotment.
The grant will result in dilution of approximately 1.5 million equity shares for existing shareholders in the future. This employee stock incentive program may help attract and retain talent but could have a minor negative impact on earnings per share upon exercise.