Zen Technologies Limited has informed the Exchange regarding Grant of 6000 Options.
ZENTEC · price
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Zen Technologies Limited's Nomination and Remuneration Committee has granted 6,000 Employee Stock Options to eligible employees under the company's ESOP Plan 2021. Each option can be exercised to acquire one equity share of face value ₹1. The exercise price is fixed at ₹250 per option, which is above the face value but below the prevailing market price on the grant date. The options will vest after one year from the date of grant, and employees can exercise them within 2 years from the date of vesting. The company has stated full compliance with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
This is a routine employee retention mechanism with minimal immediate impact on shareholders. The dilution from 6,000 shares is negligible given the company's total equity base. The ESOP aligns employee interests with shareholders over the long term.