Zen Technologies Limited announced on October 31, 2026, that its Nomination and Remuneration Committee has granted 12,000 Employee Stock Options (ESOPs). These options are convertible into an equal number of equity shares with a face value of Re. 1/- each. The grant is made under the company’s ‘Zen Technologies Limited Employee Stock Option Plan – 2021’. The exercise price for these options is set at ₹500/- per option, which is above the face value and below the prevailing market price on the grant date.
Zen Technologies Announces ESOP Grant
Zen Technologies Limited has officially disclosed the grant of Employee Stock Options (ESOPs) to its eligible employees. The announcement, dated October 31, 2026, confirms that the Nomination and Remuneration Committee of the Board of Directors has approved the grant of 12,000 ESOPs. These options are designed to be convertible into an equal number of equity shares of the company, each with a face value of Re. 1/-.
Stock Option Plan Details
The ESOPs are being issued under the framework of the company’s ‘Zen Technologies Limited Employee Stock Option Plan – 2021’. This plan is administered and implemented by the Nomination and Remuneration Committee through the Zen Technologies Limited Employees Welfare Trust, adhering to the Scheme’s provisions. The grant aligns with the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
Grant Specifics and Exercise Price
The 12,000 stock options granted will vest after a period of one year from the date of grant. Employees will have the opportunity to exercise these options within two years from the respective vesting period. A key detail is the exercise price, set at ₹500/- per option (Rupees Five Hundred Only). The company has clarified that this price is higher than the equity shares’ face value and lower than the market price on the grant date.
Disclosure as per Regulations
The disclosure regarding this grant of stock options is made in accordance with the requirements under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed breakdown of the significant terms, including vesting schedules and exercise timelines, is provided in Annexure ‘A’ of the filing.
Source: BSE
