Coforge Grants Performance-Based Stock Options Under ESOP 2005

Coforge Grants Performance-Based Stock Options Under ESOP 2005​

Coforge Ltd has announced the grant of performance-based Stock Options to its employees and those of its subsidiary companies under the Employee Stock Option Plan 2005 (ESOP 2005). The decision was made by the Nomination and Remuneration Committee following a resolution passed during a meeting on June 16, 2026.

The options were granted across multiple categories, detailing the number of options granted, the exercise price, and specific vesting schedules based on various financial year (FY) performance criteria. The details of the grants are as follows:

Grant Details by Category​

Grant 168:

• No. of Options Granted: 2,65,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: Options determined based on performance for FY 27 and FY28 vest 100% on Jul 31, 2028. For options determined based on the performance for FY29 and FY30, vesting is scheduled for Jul 31, 2030.
• Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.

Grant 169:

• No. of Options Granted: 70,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: Similar to Grant 168, options determined based on performance for FY 27 and FY28 vest 100% on Jul 31, 2028. For options determined based on the performance for FY29 and FY30, vesting is set for Jul 31, 2030.
• Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.

Grant 170:

• No. of Options Granted: 61,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: Options determined based on performance for FY 27 and FY28 have vesting schedules set for Jul 31, 2028, and Jul 31, 2030, respectively.
• Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.

Grant 171:

• No. of Options Granted: 140,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: Vesting schedules are based on performance for FY 27 and FY28 (100% vesting on Jul 31, 2028) and FY29 and FY30 (100% vesting on Jul 31, 2030).
• Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.

Grant 172:

• No. of Options Granted: 50,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: This grant is tied to performance across FY 27, FY28, FY29, and FY30, with vesting split into two stages for each financial year. For instance, options determined based on performance for FY 27 are vested in two halves on Jul 31, 2027, and Apr 1, 2028.
• Exercise Period: By 31st December of the year of vesting of the options.

Grant 173:

• No. of Options Granted: 1,90,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: The grant includes performance milestones for FY 27, FY28, FY29, and FY30, with each portion vesting split into two stages based on the respective financial year's performance.
• Exercise Period: By 31st December of the year of vesting of the options.

Grant 174:

• No. of Options Granted: 1,30,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: Similar to Grant 172, vesting is performance-based across FY 27, FY28, FY29, and FY30, with each portion split into two installments tied to specific dates.
• Exercise Period: By 31st December of the year of vesting of the options.

Grant 175:

• No. of Options Granted: 30,000
• Exercise Price: Rs. 1,391 per option
• Vesting Period: This grant is performance-linked across FY 27, FY28, FY29, and FY30, with vesting split into two halves for each financial year's determined options.
• Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.

Grant 176:

• No. of Options Granted: 4,500
• Exercise Price: Rs. 1,391 per option
• Vesting Period: The options are determined based on performance for FY 27, FY28, and FY29, with the final portion vesting for FY30 set for Jul 31, 2030, or Apr 1, 2031.
• Exercise Period: 5 years from each vesting date or 7 years from the grant date, whichever is earlier.

COFORGE Stock Price Movement​

On Tuesday, Coforge Limited shares edged higher to settle at ₹1464.80, gaining 4.59% in the session. The equity saw significant activity, with a total traded volume reaching 4.09 million shares during the day.