HCL Technologies Limited has informed the Exchange regarding 'Approval for variation in the HCL Technologies Limited - Restricted Stock Unit Plan 2024 of the Company'.
HCLTECH · price
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HCL Technologies' Board has approved expanding its RSU Plan 2024 on July 24, 2025. The overall grant limit for RSUs will rise by 33 lakh units (from 84.6 lakh to 1.17 crore RSUs), which represents about 0.12% of paid-up equity as of March 31, 2025. The maximum RSUs that can be granted to a single eligible employee will also increase from 13 lakh to 33 lakh. Importantly, the plan will continue to be executed through an employee trust buying shares on the open market, so the company will not issue any fresh shares for this variation. The total cap on equity shares that can be exercised under this plan remains at 1.17 crore shares (0.43% of share capital). The variation is subject to shareholder approval and complies with SEBI's 2021 ESOP/Sweat Equity Regulations.
No equity dilution for existing shareholders since shares will be bought from the secondary market via the trust. The change supports employee retention and aligns senior talent with long-term company performance, with a marginal 0.43% potential equity overhang overall.