Nucleus Software Exports Limited Approves RSU Scheme and Trust Formation
Nucleus Software Exports Limited announced on March 25, 2026, that its Board of Directors approved the termination of the ESOP Scheme - 2015 and dissolution of the Nucleus Software Employee Welfare Trust. The board also approved the Nucleus Software RSU Scheme - 2026, establishing a pool of 10,00,000 Restricted Stock Units (RSUs). These RSUs are exercisable into an equal number of shares with a face value of Rs. 10 each.The scheme will be administered by the Nomination and Remuneration/Compensation Committee and implemented through a trust route, utilizing the Nucleus Software Equity Incentive Trust. This trust will acquire equity shares through secondary acquisition from the market.
The board also approved granting Restricted Stock Units to eligible employees, both in India and abroad, under the Nucleus Software RSU Scheme - 2026, and the formation of the Nucleus Software Equity Incentive Trust. Additionally, the company approved a loan to the trust for purchasing its own equity shares, and the acquisition of equity shares by the trust through secondary market acquisition.
Nucleus Software RSU Scheme - 2026 Details:
| Particulars | Details |
|---|---|
| Name of the Scheme | Nucleus Software RSU Scheme - 2026 |
| RSUs Granted | 10,00,000 RSUs convertible into equal number of Shares of face value of Rs. 10/- each |
| Pricing Formula | Exercise price will be linked to market price, with potential discounts and a minimum of the share’s face value. |
| RSUs Vested | Not applicable (pertaining to date of approval) |
| RSUs Exercised | Not applicable (pertaining to date of approval) |
| RSUs Lapsed | Not applicable (pertaining to date of approval) |
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