Outcome of Nomination and Remuneration/ Compensation Committee regarding grant of Options to employees under Syschem ESOS Scheme-2024.
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The Compensation Committee of Syschem India Limited approved the grant of 10,00,000 stock options to 9 eligible employees under the Syschem India Limited Employees Stock Option Scheme-2024. Each option is convertible into one equity share at an exercise price of Rs. 10, which is equal to the face value of the share. The options will vest over a period of 1 to 4 years, and employees have up to 4 years from each vesting date to exercise them. There is no lock-in period on shares issued after exercising the options, and the company has already obtained in-principle approval from BSE for the scheme.
This is a routine employee incentive action with modest potential dilution (10 lakh shares). The exercise price at face value (Rs. 10) is highly favorable to employees, and the absence of a lock-in means shares can be sold soon after exercise, which could create mild supply-side pressure on the stock once employees cash out.