Newgen Software Technologies Limited has informed the Exchange regarding Grant of 93300 Options under Newgen Software Technologies Limited Employee Stock Option Scheme-2022
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Newgen Software Technologies has granted 93,300 stock options to identified employees under its Employee Stock Option Scheme-2022 (ESOP-2022). The options have an exercise price of Rs. 888 per share and were approved by the Nomination and Remuneration Committee on May 1, 2025. The options will vest in tranches over four years — 10% after year 1, 20% after year 2, 30% after year 3, and 40% after year 4. Employees will have five years from each vesting date to exercise their options. The grant complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee compensation event with a mild dilutive effect on existing shareholders, as more shares may be issued over time. It is not expected to materially impact the stock price but reflects the company's ongoing employee retention efforts.