Nucleus Software Exports Limited has informed the Exchange regarding Outcome of Board Meeting held on March 25, 2026.
NUCLEUS · price
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Nucleus Software Exports' board, meeting on March 25, 2026, approved the termination of its old ESOP Scheme 2015 and the dissolution of the Nucleus Software Employee Welfare Trust. In its place, the board cleared a new Nucleus Software RSU Scheme 2026, creating a pool of 10,00,000 (10 lakh) Restricted Stock Units, each convertible into one equity share of face value Rs. 10. The scheme will be run through a newly formed Nucleus Software Equity Incentive Trust, which will primarily buy shares from the open market (secondary acquisition) rather than issuing fresh shares. The company will also provide a loan to this trust to fund share purchases for employee grants. Vesting will happen over 1 to 4 years from the grant date, with a 2-year window to exercise after vesting. The exercise price will be linked to the market price at the time of grant, with no floor below face value, and the committee can re-price grants if the stock falls.
Shareholders should note a shift from the old ESOP to a new RSU structure that, over time, could dilute equity by up to 10 lakh shares (~ potential dilution, exact % depends on current share count). On the positive side, the trust's primary plan to buy shares from the open market may provide some price support. The loan extended by the company to the trust represents a cash outflow tied to employee compensation.