Coforge Limited has announced the grant of performance-based stock options to its employees under the Employee Stock Option Plan 2005 (ESOP 2005). The Nomination and Remuneration Committee approved the grant on June 16, 2026. The grants, categorized as Grant 168 through Grant 176, involve a total of 1,189,500 options with an exercise price of ₹1,391 per option. Vesting and exercise periods vary across the grants, tied to specific financial year performances and dates.
Coforge Issues Performance-Based Stock Options
Coforge Limited, through its Nomination and Remuneration Committee, has approved a significant grant of performance-based Stock Options to its employees and those of its subsidiary companies under the existing ESOP 2005. This resolution was passed during a meeting held on June 16, 2026.
Key Grant Details
The exercise price for all granted options is fixed at ₹1,391 per option. The grants are structured across several categories, including Grant 168 to Grant 176, detailing the number of options granted, vesting schedules, and exercise periods. The details are summarized as follows:
Grant 168
- No. of Options Granted: 2,65,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Tied to performance for FY27 & FY28 (100% on Jul 31, 2028) and FY29 & FY30 (100% on Jul 31, 2030).
- Exercise Period: 5 years from vesting date or 7 years from grant date, whichever is earlier.
Grant 169
- No. of Options Granted: 70,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Similar to Grant 168, with vesting dates on Jul 31, 2028, and Jul 31, 2030.
- Exercise Period: 5 years from vesting date or 7 years from grant date, whichever is earlier.
Grant 170
- No. of Options Granted: 61,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Tied to performance for FY27 & FY28 (100% on Jul 31, 2028) and FY29 & FY30 (100% on Jul 31, 2030).
- Exercise Period: 5 years from vesting date or 7 years from grant date, whichever is earlier.
Grant 171
- No. of Options Granted: 140,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Tied to performance for FY27 & FY28 (100% on Jul 31, 2028) and FY29 & FY30 (100% on Jul 31, 2030).
- Exercise Period: 5 years from vesting date or 7 years from grant date, whichever is earlier.
Grant 172
- No. of Options Granted: 50,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Graded vesting across FY27 (Jul 31, 2027, and Apr 1, 2028), FY28 (Jul 31, 2028, and Apr 1, 2029), FY29 (Jul 31, 2029, and Apr 1, 2030), and FY30 (Jul 31, 2030, and Apr 1, 2031). Each period vests 50% of the determined options.
- Exercise Period: By 31st December of the year of vesting of the options.
Grant 173
- No. of Options Granted: 1,90,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Similar to Grant 172, with graded vesting dates from Jul 31, 2027, to Apr 1, 2031, vesting 50% of determined options per period.
- Exercise Period: By 31st December of the year of vesting of the options.
Grant 174
- No. of Options Granted: 1,30,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Graded vesting across FY27 to FY30, with vesting dates on Jul 31 and Apr 1 of the respective years, vesting 50% of determined options per period.
- Exercise Period: By 31st December of the year of vesting of the options.
Grant 175
- No. of Options Granted: 30,000
- Exercise Price: ₹1,391 per option
- Vesting Period: Graded vesting across FY27 to FY30, with vesting dates on Jul 31 and Apr 1 of the respective years, vesting 50% of determined options per period.
- Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.
Grant 176
- No. of Options Granted: 4,500
- Exercise Price: ₹1,391 per option
- Vesting Period: Graded vesting across FY27 to FY30, with vesting dates on Jul 31 and Apr 1 of the respective years, vesting 50% of determined options per period.
- Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.
The detailed breakdown highlights Coforge’s strategy to incentivize employees through performance-linked equity, aligning their interests with the company’s long-term growth objectives.
Source: BSE
