Intellect Design Arena Limited has informed the Exchange regarding Grant of 185500 Options.
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Intellect Design Arena has granted 1,85,500 Restricted Stock Units (RSUs) to 17 associates under its ISOP 2016 Scheme – Swarnam 601 (RSUs Type 2). The grant was approved by the Nomination, Remuneration and Compensation Committee on July 30, 2025, with a grant price of Rs. 5 per RSU. Of these, 1,70,500 RSUs will vest equally over Years 3, 4, and 5 from the grant date, while the remaining 15,000 RSUs will vest equally in the 2nd and 4th year. The company has clarified these are fresh grants and not replacements of any prior grants. Post-vesting, associates can convert these RSUs into equity shares during the exercise period.
The grant creates a potential future equity dilution of 1,85,500 shares, though the long vesting periods (4-5 years) act as a strong retention tool for key employees. The low grant price of Rs. 5 means significant value accretion for employees if the stock performs well, aligning their interests with shareholders over the long term.