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's board approved the Meta Infotech Limited ESOP Scheme 2026, which will offer up to 18,88,140 stock options to eligible employees. Each option can be exercised into one equity share of Rs. 10 face value. A separate allocation of up to 9,44,070 options (5% of paid-up capital) has been reserved for Mr. Ambrish Deshpande, COO/CRO. No grants have been made yet, as the scheme requires shareholder approval via postal ballot. The board also approved remuneration revisions for three senior personnel including the Wholetime Director and CFO.
Shareholder approval needed before ESOP can be activated. When exercised, the 18.88 lakh new shares will cause equity dilution. The exercise price at face value (Rs. 10) is attractive for employees but may create per-share value erosion for existing shareholders if the stock trades above Rs. 10.