Digitide Solutions Limited has informed the Exchange regarding Grant of 1585772 Options.
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Digitide Solutions Limited has granted 15,85,772 stock options to eligible employees who were transferred from Quess Corp Limited as part of the Composite Scheme of Arrangement (demerger). These options are issued at an exercise price of INR 10 per share under the Special Purpose Stock Ownership Plan 2025, replacing the stock options previously held by these employees under Quess's QSOP 2020. The previous vesting period under QSOP 2020 will be carried forward and counted towards the new vesting schedule, ensuring employees are not disadvantaged. Employees have 3 years from the date of vesting to exercise these options. The grant has been approved by the Nomination and Remuneration Committee and complies with SEBI (SBEB) Regulations, 2021.
This is a routine ESOP grant that preserves employee compensation continuity post-demerger from Quess Corp. There is no material impact on existing shareholders as these options replace previously cancelled Quess options, though potential dilution of ~15.86 lakh shares should be noted over the vesting period.