KPIT Technologies Limited Approves Grant of 21,000 Options to Employees
KPIT Technologies Limited announced that its Nomination and Remuneration (HR) Committee, during a meeting held on April 28, 2026, approved the grant of 21,000 options to eligible employees. This grant falls under the established KPIT Technologies Limited- Restricted Stock Unit Plan 2022, which was previously approved by shareholders at the Annual General Meeting on August 24, 2022.The approved options grant involves 21,000 options for eligible employees as determined by the Committee. The details regarding the significant terms of the option grant are outlined below:
| Detail | Description |
|---|---|
| Total Options Granted | 21,000 options to the eligible employees. |
| Shares Covered | Not more than 21,000 shares. |
| Exercise Price | Rs 10 per option, determined as the face value of the Share as on the date of grant. |
| Vesting | Nil (Options vested). |
| Exercise Period | The vested Options must be exercised within a period of 5 years from the date of vesting, or a shorter period decided by the Committee. |
| Initial Vesting Terms | Options shall vest after a minimum period of 1 year but not later than a maximum period of 4 years from the date of grant. |
| Conversion Ratio | Each option carries the right to be issued one Share of the Company. |
The transaction details confirm that the options were yet to be exercised, with no options exercised, money realized by exercise, or shares arising from exercise as of the date of the approval.
KPITTECH Stock Price Movement
On Tuesday, KPIT Technologies Limited shares edged higher, gaining 0.20% to settle at ₹736.75. The stock finished the session on a total volume of 1.44 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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