Grant of Restricted Stock Units ("RSU''s") pursuant to approval of Nomination and Remuneration Committee
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Digicontent Ltd's Nomination and Remuneration Committee approved granting 1,501,000 Restricted Stock Units (RSUs) to eligible employees under the company's 'Digicontent Limited - Restricted Stock Unit Plan 2025'. Each RSU entitles the holder to receive one equity share of face value Rs. 2, exercisable at Rs. 2 per option. The vesting period ranges from 1 to 4 years from grant date, with an exercise window of 7 years from each vesting. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. There is no lock-in period after share allotment.
This RSU grant will cause gradual share dilution of up to 1.5 million shares over the vesting period. While it creates future dilution pressure for existing shareholders, it serves as an employee retention tool and aligns staff interests with company performance. The Rs. 2 exercise price matches the face value, indicating this is compensation-focused rather than profit-generating for employees at grant.