The Hi-Tech Gears Limited has informed the Exchange regarding Grant of 12318 Options.
HITECHGEAR · price
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The Hi-Tech Gears has granted 12,318 stock options to eligible employees under its Stock Incentive Plan 2021, approved by the Nomination and Remuneration Committee on February 24, 2026. Each option is convertible into one equity share at an exercise price of Rs. 10 per share (face value). The options will vest over four years in a 20:20:30:30 ratio from the grant date, and must be exercised within 5 years of vesting. The plan is in compliance with SEBI's Share Based Employee Benefits (SBEB) Regulations, 2021. Shares allotted upon exercise will not be subject to any lock-in period.
This is a routine ESOP grant involving a small number of shares (12,318) at face-value pricing, meaning dilution impact is negligible. No significant effect on shareholders or stock price is expected.