NIIT Learning Systems Ltd Approves Grant of Stock Options Under NLSL ESOP 2024
NIIT Learning Systems Limited, formerly MindChampion Learning Systems Limited, has approved a comprehensive grant of stock options to its eligible employees under the NLSL Employee Stock Option Plan 2024. The Nomination and Remuneration Committee sanctioned the plan on July 28, 2026.The approval covers a total of 1,488,667 stock options, which are convertible into an aggregate number of 1,488,667 equity shares of the Company upon exercise.
The grants were issued under several distinct series within the NLSL ESOP 2024, varying based on grant size and vesting conditions, as detailed below:
Stock Option Grant Details (NLSL ESOP 2024)
Grants related to market-priced options offer specified terms for vested employees. These grants were issued under specific series (XIII, XIV, XV, XVII, and XVIII).| Grant No. | Number of Options Granted | Exercise Price per Option | Vesting Terms |
|---|---|---|---|
| NLSL ESOP 2024 - XIII | 322,000 | Rs. 233.57 | 3 equal vests at the end of First, Second and Third Year from the date of Grant |
| NLSL ESOP 2024 - XIV | 20,000 | Rs. 233.57 | 2 equal vests at the end of First and Second Year from the date of Grant |
| NLSL ESOP 2024 - XV | 13,000 | Rs. 233.57 | One vest at the end of First Year from the date of Grant |
| NLSL ESOP 2024 - XVII | 640,000 | Rs. 233.57 | 1 vest at the end of Third Year from the date of Grant |
| NLSL ESOP 2024 - XVIII | 265,000 | Rs. 2 per option (Face Value) | 3 equal vests at the end of First, Second and Third Year from the date of Grant |
Performance-Linked Option Grants
A separate series of grants were issued, which are performance-linked, with an exercise price set at the face value of the shares (Rs. 2 per option). These options vest based on achieving specific company goals.| Grant No. | Number of Options Granted | Exercise Price | Vesting Terms and Performance Link |
|---|---|---|---|
| NLSL ESOP 2024 - XIX | 45,000 | Rs. 2 per option (Face Value) | 2 equal vests at the end of First and Second Year from the date of Grant. Vesting is linked to performance goals: revenue and EBITDA, with a fifty percent weightage for each parameter. The threshold for vesting is 85%. |
| NLSL ESOP 2026 - XX | 17,000 | Rs. 2 per option (Face Value) | 1 vest at the end of First Year from the date of Grant. Vesting is linked to performance goals: revenue and EBITDA, with a fifty percent weightage for each parameter. The threshold for vesting is 85%. |
| NLSL ESOP 2024 - XXI | 90,000 | Rs. 2 per option (Face Value) | 1 vest at the end of First Year from the date of Grant. Vesting is linked to performance goals: revenue and EBITDA, with a fifty percent weightage for each parameter. The threshold for vesting is 85%. |
All options were granted on July 28, 2026. The exercise period varies across the grants, ranging up to five years from the date of vest.
NIITMTS Stock Price Movement
Shares of NIIT Learning Systems Limited on Tuesday slipped by 1.10%, settling at ₹231.08 after trading movements closed the day. The stock saw a volume of 99,480 shares recorded during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.