Mastek Limited has informed the Exchange about Intimation of Grant of Options to identified employees under Employee Stock Options Plans
MASTEK · price
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Mastek Limited's Nomination and Remuneration Committee has approved the grant of 6,00,000 (six lakh) stock options to eligible employees under ESOP Plan VI and Plan VII, with an effective grant date of April 1, 2026. The exercise price has been fixed at Rs. 1,000 per option, and each option is convertible into one equity share of Rs. 5 face value. Vesting will happen over the 3rd, 4th, and 5th year from the grant date, contingent on employees meeting pre-set performance conditions. Once vested, employees have up to 7 years to exercise the options, and any unvested options after the 3rd vesting date will lapse.
This is a routine ESOP grant that could lead to mild equity dilution of up to 6 lakh shares when exercised, but since vesting is performance-linked and spread over 3-5 years, the near-term impact on share price is limited. The grant reflects the company's effort to retain and incentivise key employees.