IRIS Business Services Limited has informed the Exchange about the outcome of Nomination and Remuneration committee meeting.
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The Nomination and Remuneration Committee of IRIS Business Services Limited approved the grant of 20,000 stock options to eligible employees under the IRIS ESOP 2023 scheme on August 13, 2025. Each option will give the right to buy one equity share of face value Rs. 10 at an exercise price of Rs. 379.65 per share. The options will vest in three tranches — 33% after one year, 33% after two years, and 34% after three years from the grant date — with a five-year exercise window after each vesting. No options have vested or been exercised so far, and the scheme is compliant with SEBI's Share Based Employee Benefits Regulations, 2021.
The grant is small in size (20,000 shares) and will result in only minor dilution once exercised, so it is unlikely to materially affect shareholder value. However, it signals the company's effort to retain and motivate employees through equity-linked compensation, which is generally viewed positively by long-term investors.