Zen Technologies Ltd Grants 14,100 Employee Stock Options Under 2021 Plan
Zen Technologies Ltd has announced the grant of a substantial number of Employee Stock Options (ESOPs) to its eligible employees under the framework of the Zen Technologies Limited Employee Stock Option Plan - 2021. The decision was made by the Nomination and Remuneration Committee of the Board of Directors during a meeting held on July 25, 2026.The company granted a total of 14,100 ESOPs. These options are convertible into an equal number of equity shares, each having a face value of Re. 1/- under the established plan.
Key Details of Option Grant
The grant details and significant terms relating to the ESOPs were outlined as follows:| Particulars | Detail |
|---|---|
| Total ESOPs Granted | 14,100 (Fourteen Thousand One Hundred) |
| Face Value per Share | Re. 1/- |
| Exercise Price per Option | ₹ 250/- |
| Options Vested | Not applicable |
| Time to Vesting | Options will start vesting after a period of one year from the date of grants |
| Exercise Period Limit | Options shall be exercised within 2 years from the date of the respective vesting period |
Plan Implementation and Terms
The Zen Technologies Limited Employee Stock Option Plan - 2021 is administered and implemented by the Nomination and Remuneration Committee through the Zen Technologies Limited Employees Welfare Trust, in accordance with the Scheme. The grant of options is based on the eligibility criteria specified in the Scheme.Further details provided under Annexure 'A' include:
| Particulars | Status / Detail |
|---|---|
| Options Granted (Total) | 14,100 |
| Total Shares Covered by Options | 14,100 of Re. 1/- each |
| Current Option Price | ₹ 250/- per option |
| Significant Terms Administering Body | Nomination and Remuneration Committee through Zen Technologies Limited Employees Welfare Trust |
The options are subject to specific timelines regarding vesting and exercise periods as detailed above, with the grant price being set at ₹ 250/-, which is stated to be more than the face value of equity shares and less than the prevailing Market Price on the date of the grant.
ZENTEC Stock Price Movement
Zen Technologies Limited shares slipped on Friday by 1.82%, closing at ₹1,768.70 after falling ₹32.70 from the previous close. The stock traded with a volume of 228,777 shares, settling below its day's high of ₹1,792 and missing its open price of ₹1,783.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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