Outcome of Nomination and Remuneration Committee meeting held on May 21, 2026
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Le Travenues Technology Ltd's Nomination and Remuneration Committee approved the grant of 32,708 stock options to employees under two ESOP schemes - 25,620 options under ESOS 2016 and 7,088 options under ESOS 2021. The exercise price is fixed at ₹93 per option. The options will vest over four years in equal annual installments of 25% each, and can be exercised within five years from the date of vesting. This is a routine employee stock compensation program aimed at talent retention and motivation.
Minimal near-term impact on the stock. This is standard ESOP activity with a small number of options (32,708) that will vest gradually, resulting in limited potential dilution over time.