Protean eGov Technologies Limited has informed the Exchange regarding 'Grant of Employee Stock Options under Protean eGov Technologies Limited - Employee Stock Option Plan, 2017 ( ESOP 2017 )'.
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Protean eGov Technologies has granted 1,78,850 stock options to eligible employees under its ESOP 2017 plan, approved by the Nomination and Remuneration Committee on August 4, 2025. The options are split into two tranches: 74,449 options priced at Rs. 784 per share and 1,04,401 options priced at just Rs. 10 per share (face value). The options will vest over 1 to 4 years from the grant date and must be exercised within 3 years of vesting. The scheme is compliant with SEBI's SBEB Regulations, 2021.
The grant is routine but the 1,04,401 options at face value (Rs. 10) are deeply discounted versus market price, signaling strong employee incentives at a future dilution cost to existing shareholders. The total potential dilution of 1,78,850 shares is small relative to share base but worth tracking for future EPS impact once these vest and are exercised.