PROTEANNSEProtean eGov Technologies LimitedMediumNeutral
Announced Thu, 9 Jul · 16:08 IST

Protean eGov grants 3.4 lakh stock options to eligible employees under ESOP 2017

Corporate Actions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹579.40
prior close
₹584.80
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AI summary

Protean eGov Technologies approved grant of 3,39,665 stock options to eligible employees under ESOP 2017 via Nomination and Remuneration Committee circular resolution dated July 8, 2026. Exercise price is Rs 589.85 for 1,78,090 options and Rs 10 for 1,61,575 options. Vesting period is between 1 to 4 years from grant date, with a 3 year exercise window once vested.

Likely market impact

Mild future dilution risk as options convert into shares. Routine ESOP grant aligning employee interests with shareholders, no immediate cash impact.