Hexaware Technologies Limited’s Board of Directors has approved amendments to its Employee Stock Option Plan 2024, alongside introducing the Hexaware Restricted Stock Unit Plan 2026. These initiatives aim to reward and retain eligible employees through stock-based incentives. The board also approved the grant of employee stock options exceeding 1% of the paid-up capital, subject to member and other necessary approvals.
Board Approves Key Employee Incentive Plans
Hexaware Technologies Limited announced that its Board of Directors, during a meeting held on September 02, 2026, has approved significant changes and new initiatives related to employee stock incentives. These decisions are made pursuant to the recommendations of the Nomination and Remuneration Committee and remain subject to necessary member and regulatory approvals.
Hexaware ESOP Plan 2024 Amendments
The Board has considered and approved proposed amendments to certain terms and conditions of the Hexaware Employees Stock Option Plan 2024 (also referred to as the “Hexaware ESOP Plan 2024”). This plan aims to provide employees with opportunities to benefit from the company’s growth.
Grant of Employee Stock Options
Furthermore, the Board has approved the grant of employee stock options (“Options”) under the Hexaware ESOP Plan 2024. This grant may be made in excess of 1% of the Company’s paid-up capital in any given year. The approval aligns with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Introduction of Hexaware Restricted Stock Unit Plan 2026
A new initiative, the Hexaware Restricted Stock Unit Plan 2026 (“RSU Plan”), has also been approved by the Board. This plan is designed for the grant of Restricted Stock Units (RSUs) to eligible employees. The primary objective of the RSU Plan is to reward employees for their dedication, retention, and contribution towards the Company’s goals. The Board also approved draft amendments to the trust deed for the Hexaware Employees Stock Option Trust – 2024 in conjunction with these plans.
Disclosure Details
The disclosure made is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will also be seeking member approval through a Postal Ballot. The details of the RSU Plan indicate that up to 2,000,000 RSUs are available for grant. Each RSU, upon exercise, will convert into one equity share of INR 1 face value. The exercise price will be the par value of the equity shares as of the grant date. RSUs will vest no earlier than a one-year minimum vesting period, and the exercise period will be determined by the Committee.
Source: BSE
