Birlasoft has announced the grant of options under its “Birlasoft Share Incentive Plan-2022”. The plan was approved by the Board of Directors on May 23, 2022, and the Members of the Company on August 3, 2022. A total of 9,50,000 options have been granted. The exercise price is set at Rs. 2/- per option. Each option entitles the holder to one share.
Share Incentive Plan Details
Birlasoft has officially announced the granting of options under its “Birlasoft Share Incentive Plan-2022” (“Plan”). This decision follows approvals from the Board of Directors on May 23, 2022, and from the Members of the Company during the Annual General Meeting held on August 3, 2022. The Nomination and Remuneration Committee (“NRC”) has formally approved the grant to eligible employees.
Key Terms of the Option Grant
The essential details regarding this option grant are as follows:
Number of Options: 9,50,000
Vesting Schedule & Exercise Period: Determined by the NRC in accordance with the terms of the Plan.
Exercise Price: Rs. 2/-
Additional Information
Each option granted under this plan gives the holder the right to convert it into one share of the company. All stakeholders are requested to take note of the same.
Source: BSE