Exicom Tele-Systems Limited has informed the Exchange regarding Cancellation of Options granted under Exicom Tele-Systems Limited Employees Stock Option Scheme 2023 & Exicom Tele-Systems Limited Employees Stock Option Scheme 2025, respectively.
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Exicom Tele-Systems has cancelled employee stock options under two of its ESOP schemes. A total of 6,36,437 options from the ESOP Scheme 2023 and 9,36,027 options from the ESOP Scheme 2025 were cancelled, totalling about 15.72 lakh options. The decision was taken by the Nomination, Remuneration and Compensation Committee on September 29, 2025, via a circular resolution. Options cancelled under the 2023 scheme will be permanently removed from the pool and cannot be re-granted, while those cancelled under the 2025 scheme will be added back to the option pool for future grants.
This is a routine ESOP housekeeping exercise with no direct impact on shareholders' value or stock price. The cancellation of options means fewer shares could potentially be issued in the future under the 2023 scheme, which is mildly dilution-friendly for existing shareholders.