Le Travenues Technology Limited has announced the grant of 32,708 equity options to its employees. Approved by the Nomination and Remuneration Committee on May 21, 2026, these grants were issued under the company’s existing ESOS 2016 and ESOS 2021 schemes. This move is designed to incentivize talent, align employee interests with long-term company growth, and foster a sense of ownership among the workforce.
Details of the Option Grant
The Nomination and Remuneration Committee met on May 21, 2026, to finalize the allocation of 32,708 options. These options have been granted at an exercise price of ₹93 per share. Once vested and exercised, each option will be converted into one equity share, ranking pari passu with the company’s existing equity shares.
Vesting and Exercise Terms
The vesting schedule for these options is set over a period of four years, with equal annual installments of 25%. Following the vesting date, employees have a five-year window to exercise their options. In the event of resignation, employees are permitted to exercise any vested options within 365 days from their last working day.
Strategic Objectives
The issuance of these options serves as a strategic tool for the organization to:
- Attract and retain high-caliber human talent.
- Align individual employee goals with the long-term interests and profitability of the company.
- Create a culture of ownership and participation among staff.
- Provide deferred rewards that reflect the future value created by the employees.
Source: BSE
