Intellect Design Arena Limited has announced a fresh grant of 9,76,000 Restricted Stock Units (RSUs) to 223 associates. Approved by the company’s committee on May 7, 2026, these grants are part of the ISOP/RSU 2016 scheme. The RSUs are set at a grant price of ₹5 and will vest in three equal annual installments over the third, fourth, and fifth years following the grant date.
Details of the RSU Allocation
Intellect Design Arena Limited has initiated a new round of equity-based compensation to reward its workforce. As per the latest announcement, a total of 9,76,000 RSUs have been granted to 223 eligible associates. This move underscores the company’s commitment to employee retention and long-term value creation through its established ISOP/RSU 2016 scheme.
Vesting Schedule and Terms
The grant comes with a structured vesting schedule designed to promote long-term engagement. The allocated RSUs will vest in three equal annual installments. These installments will trigger at the end of the 3rd, 4th, and 5th years from the date of the grant, which was May 7, 2026.
Exercise and Conversion Rights
The company has established a grant price of ₹5 per RSU. Following the completion of the vesting period, associates retain the right to convert these RSUs into company shares. This conversion can be executed either in full or in tranches, provided it occurs within the specified exercise period as defined by the ISOP/RSU 2016 scheme guidelines.
Source: BSE
