HCLTech has granted Restricted Stock Units (RSUs) to eligible employees under its RSU Plan 2021 and RSU Plan 2024, as approved by the Nomination and Remuneration Committee on January 8, 2026. A total of 601 RSUs were granted under the 2021 plan, and 24,659 RSUs were granted under the 2024 plan. These RSUs, when vested and exercised, will entitle holders to equity shares of the company.
RSU Grants Overview
On January 8, 2026, HCLTech’s Nomination and Remuneration Committee (‘NRC’) approved the grant of Restricted Stock Units (RSUs) to eligible employees. The grants were made under two plans: the HCL Technologies Limited – Restricted Stock Unit Plan 2021 (“RSU Plan 2021”) and the HCL Technologies Limited – Restricted Stock Unit Plan 2024 (“RSU Plan 2024”).
Details of RSU Allocation
Under the RSU Plan 2021, 601 RSUs were granted to 1 eligible employee of the Company. Under the RSU Plan 2024, 24,659 RSUs were granted to 5 eligible employees of the Company and its subsidiaries.
Equity Share Entitlement
Each RSU entitles the holder to one fully paid-up equity share of ₹2/- of the Company. A total of up to 25,260 equity shares of ₹2/- each (representing approximately 0.001% of the paid-up equity share capital) may be transferred to eligible employees as per the RSU Plans.
Trust Mechanism
The RSU Plans operate through a trust mechanism. The trust acquires shares from the secondary market and transfers them to eligible employees upon exercise. The Company will not issue fresh shares to the Trust or employees under the RSU Plans.
Vesting Details
RSU Plan 2021
The vesting date for the 601 RSUs is June 30, 2028.
RSU Plan 2024
The vesting dates and number of RSUs are as follows:
- January 31, 2027: 8,685 RSUs
- June 30, 2027: 4,708 RSUs
- March 31, 2028: 11,266 RSUs
Exercise Period and Price
Vested RSUs must be exercised within a maximum period of 6 months from the date of vesting. The exercise price is ₹2/- per RSU, which is at par value of the equity share.
Impact on Diluted Earnings Per Share
There will be no dilution of earnings per share as no fresh shares will be issued under the RSU Plans.
Cancellation of Previously Approved RSUs
It is also noted that 23,925 RSUs under the RSU Plan 2024 that were earlier approved for grant have been cancelled.
Source: BSE
