Enclosed herewith intimation of grant of option.
TRACXN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tracxn Technologies has announced the grant of 261,617 stock options to eligible employees under its TRACXN Employee Stock Option Plan 2016. The options have an exercise price of just Re. 1 per option, which is significantly below market price. Each option converts into one fully paid-up equity share of face value Re. 1. The options can be exercised within five years from the vesting date. The grant was approved by the Nomination and Remuneration Committee via circular resolution dated May 29, 2026. The company has confirmed compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
The extremely low exercise price of Re. 1 means employees could gain substantial value if the stock trades above this price, creating potential dilution for existing shareholders. This is a routine talent retention mechanism common among tech companies.