Grant Of Employee Stock Options (ESOP) Under ''''Zen Technologies Limited Employee Stock Option Plan - 2021
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Zen Technologies Ltd has granted 6,000 Employee Stock Options (ESOPs) to eligible employees under the company's ESOP plan 2021. Each option converts into one equity share of face value Re. 1/- and is priced at ₹250, which is above face value but below the prevailing market price as on the grant date (May 01, 2026). The options will vest after one year from the grant date, and once vested, employees can exercise them within 2 years. The grant is compliant with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 and is administered by the Nomination and Remuneration Committee through the company's Employees Welfare Trust.
This is a routine corporate action with minimal direct impact on shareholders. ESOPs can dilute equity slightly upon exercise but also align employee interests with shareholders and support talent retention.