1. Based on recommendation of Nomination & Remuneration Committee, the Board of Directors approved following agendas i. Introduction of Meta Infotech Limited ESOP Scheme 2026 ii. ....
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Meta Infotech Limited's board has approved the Meta Infotech Limited ESOP Scheme 2026, which contemplates grant of 18,88,140 Employee Stock Options exercisable into equal number of equity shares of Rs. 10 face value each. The exercise price is fixed at face value (Rs. 10). The scheme is subject to shareholder approval via postal ballot. Special provision has been made to allocate up to 9,44,070 options (about 5% of paid-up capital) to COO/CRO Mr. Ambrish Deshpande over 5 years. The board also approved revisions in remuneration for the Wholetime Director, CFO, and Senior Manager. No options have been granted yet as of the filing date.
This is a positive signal for employee retention and alignment of interests with shareholders. The fixed exercise price at face value (Rs. 10) is favorable for employees if current market price is higher, but could be dilutive for existing shareholders when exercised.