Zen Technologies announced the grant of 37,750 Employee Stock Options (ESOPs) under its 2021 Employee Stock Option Plan. The grant, approved by the Nomination and Remuneration Committee on October 25, 2025, allows conversion into an equal number of equity shares. The ESOPs are priced above face value but below market price, with vesting starting after one or two years.
ESOP Grant Details
The Nomination and Remuneration Committee of Zen Technologies’ Board of Directors approved the grant of Employee Stock Options (ESOPs) at a meeting held on October 25, 2025. A total of 37,750 ESOPs were granted.
Key Terms of the ESOPs
Each ESOP is convertible into one equity share with a face value of Re. 1. The exercise price for these options is set at ₹250 per option. These options are part of the “Zen Technologies Limited Employee Stock Option Plan – 2021”.
Vesting Period
The options will vest starting after a period of one or two years from the date of grant. Once vested, the options must be exercised within two years from their respective vesting dates.
Administration
The 2021 Employee Stock Option Plan is administered by the Nomination and Remuneration Committee and implemented through the Zen Technologies Limited Employees Welfare Trust.
Source: BSE