HCLTech has granted Restricted Stock Units (RSUs) to eligible employees and subsidiaries under the RSU Plan 2021 and RSU Plan 2024. A total of 69,687 RSUs were granted under the 2021 plan, and 21,954 RSUs under the 2024 plan. Each RSU entitles the holder to one equity share of ₹2 upon vesting and exercise. The RSU plans are implemented through a trust acquiring shares from the secondary market.
RSU Grants Overview
HCLTech’s Nomination and Remuneration Committee (‘NRC’) approved the grant of Restricted Stock Units (RSUs) to eligible employees on October 6, 2025.
Details of RSU Allocation
The following outlines the breakdown of RSUs granted under the company’s plans:
RSU Plan 2021:
A total of 69,687 RSUs were granted to 2 eligible employees within HCLTech and its subsidiaries.
RSU Plan 2024:
A total of 21,954 RSUs were granted to 5 eligible employees within HCLTech and its subsidiaries.
Each RSU gives the holder the right to one fully paid-up equity share of ₹2. This represents approximately 0.003% of the paid-up equity share capital as of the grant date.
RSU Plan Mechanics
HCLTech uses a trust mechanism for its RSU plans. The trust acquires shares from the secondary market, ensuring no new shares are issued by the Company. The shares are then transferred to eligible employees upon exercise.
Vesting Schedule
The RSUs vest according to the following schedule:
RSU Plan 2021 Vesting
October 31, 2026: 16,565 RSUs
December 31, 2026: 7,645 RSUs
June 30, 2027: 7,645 RSUs
March 31, 2028: 31,856 RSUs
June 30, 2028: 3,823 RSUs
September 30, 2028: 2,153 RSUs
RSU Plan 2024 Vesting
October 31, 2026: 9,731 RSUs
December 31, 2026: 2,007 RSUs
June 30, 2027: 2,007 RSUs
March 31, 2028: 8,209 RSUs
Exercise Details
Vested RSUs must be exercised within 6 months of the vesting date. The exercise price is ₹2 per RSU, equivalent to the par value of the equity share.
Cancellation of RSUs
Previously approved grants of 2,107 RSUs under the RSU Plan 2021 and 39,830 RSUs under the RSU Plan 2024 have been cancelled.
Source: BSE
