Zen Technologies Limited has announced the grant of 6,000 employee stock options (ESOPs) to its eligible employees. This initiative is part of the company’s 2021 Employee Stock Option Plan, aimed at incentivizing its workforce. Each option is convertible into one equity share with a face value of Re. 1/-, carrying an exercise price of ₹250 per option. The options will begin vesting one year from the date of the grant.
Stock Option Details
On May 01, 2026, the Nomination and Remuneration Committee of Zen Technologies finalized the grant of 6,000 ESOPs. This grant enables eligible employees to acquire equity shares in the company, aligning individual performance with long-term organizational growth. Each option represents a right to convert into one equity share of the company.
Pricing and Vesting Structure
The company has set the exercise price for these options at ₹250 per share. This price point was determined to be higher than the face value of the shares but lower than the prevailing market price as of the grant date. The vesting process is scheduled to commence after a one-year period from the grant date, and employees must exercise these options within two years following the respective vesting period.
Strategic Implementation
The grant is administered by the Nomination and Remuneration Committee through the Zen Technologies Limited Employees Welfare Trust. This structure ensures that the distribution of options strictly adheres to the eligibility criteria and operational guidelines established under the company’s 2021 Employee Stock Option Plan.
Source: BSE
