Hexaware has allotted 20,00,000 equity shares at a price of INR 382.5 per share to the Hexaware Employees Stock Option Trust 2024. These shares will be transferred to employees upon exercising their options. The trust deed for the Hexaware Employees Stock Option Trust 2024 has been modified to reflect changes in the composition of the trustees, in accordance with regulations.
Share Allotment Details
Hexaware’s Board of Directors has approved the allotment of 20,00,000 equity shares. The shares, with a face value of INR 1 each, were issued at a price of INR 382.5 per share.
These shares have been allotted to the Hexaware Employees Stock Option Trust 2024 (“Trust”). The purpose of this allotment is to facilitate the transfer of shares to employees who exercise their stock options under the Hexaware Employees Stock Option Plan 2024.
Trust Deed Modification
The trust deed of the Hexaware Employees Stock Option Trust 2024 has been modified. This modification is a direct result of changes in the composition of the trustees.
This action aligns with established regulations for share-based employee benefits. The updated trust deed reflects the current structure and governance of the employee stock option plan.
Source: BSE
