The Hi-Tech Gears Limited has informed the Exchange about Options to purchase securities
HITECHGEAR · price
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The Hi-Tech Gears Limited has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 12,318 stock options to eligible employees on February 24, 2026. Each option can be converted into one equity share at an exercise price of Rs. 10 per share. The options will vest over four years in the ratio of 20:20:30:30 from the grant date, with a five-year exercise window after vesting. The shares allotted upon exercise will not be subject to any lock-in period. The grant is made under the company's Stock Incentive Plan, 2021, which complies with SEBI (SBEB) Regulations, 2021.
This is a routine ESOP grant and represents a minor potential dilution of about 12,318 shares. It is unlikely to materially affect existing shareholders or the stock price, as it signals employee retention and alignment rather than any major capital action.