Board Approves TeamLease Services Limited Employee Stock Option and Restricted Stock Units Scheme 2026

<h1>Board Approves TeamLease Services Limited Employee Stock Option and Restricted Stock Units Scheme 2026</h1>

TeamLease Services Limited has approved the framework for its Employee Stock Options and Restricted Stock Units Scheme 2026 (ESOS 2026). The decision was made by the Board of Directors and is subject to the subsequent approval of the Shareholders and other necessary statutory approvals.

The ESOS 2026 aims to formulate and implement a comprehensive incentive plan for employees, structured in accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The scheme involves a proposed pool of employee stock options and restricted stock units (RSUs).

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<table border="1" style="width:100%; border-collapse: collapse;">
<thead>
<tr>
<th style="padding: 8px; background-color: #f2f2f2;">Particulars</th>
<th style="padding: 8px; background-color: #f2f2f2;">Details</th>
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</thead>
<tbody>
<tr>
<td style="padding: 8px;">Total Options Proposed</td>
<td style="padding: 8px;">1,79,515</td>
</tr>
<tr>
<td style="padding: 8px;">Total RSUs Proposed</td>
<td style="padding: 8px;">76,935</td>
</tr>
<tr>
<td style="padding: 8px;">Total Shares Covered</td>
<td style="padding: 8px;">2,56,450 equity shares</td>
</tr>
<tr>
<td style="padding: 8px;">Face Value per Share</td>
<td style="padding: 8px;">₹10</td>
</tr>
</tbody>
</table>
</div>

The scheme dictates that each Option or RSU shall be convertible into or exercisable for one fully paid-up equity share of the company, which has a face value of ₹10 each.

The pricing formula for the options has been determined such that the exercise price per Option is set by the Nomination and Remuneration Committee. This price is subject to a maximum discount of up to 40% on the market price of the equity share on the grant date. For RSUs, the exercise price per RSU will be equal to the face value of the equity share as of the grant date, and in all cases, the exercise price cannot be less than the face value of the company's equity share.

Vested Options/RSUs may be exercised within a maximum period of four years from the respective vesting date.

As of the current stage, no grants have been made under ESOS 2026, as the scheme is contingent upon the shareholders' approval. The significant terms of the ESOS 2026 will be disclosed in the explanatory statement that forms part of the Postal Ballot Notice.

TEAMLEASE Stock Price Movement​

At 10:17 AM, the stock of Teamlease Services Limited is shedding value in live trading, with shares currently reading ₹1242.4 as they drift down 0.40%. The equity remains confined within its daily range, which spans from a low of ₹1230.1 to a high of ₹1249.9.