ESOP31 March 2026 at 05:02 pm
Mastek Ltd Grants 6,00,000 Stock Options Under ESOP Plans VI and VII
AI Summary
Mastek Ltd has granted 6,00,000 (Six Lakhs) stock options to eligible employees under Employee Stock Option Plans (ESOP PLAN VI and VII). The options, priced at Rs. 1,000 each, will vest in the 3rd, 4th, and 5th year post the grant, subject to meeting pre-set performance conditions. The options are exercisable into an equal number of equity shares having a face value of Rs. 5 each, fully paid up, in the Company.
Key Highlights
- Grant of 6,00,000 (Six Lakhs) stock options to eligible employees under ESOP Plan VI and Plan VII.
- Options priced at Rs. 1,000 each, vesting in the 3rd, 4th, and 5th year post the grant.
- Vesting subject to meeting pre-set performance conditions.
- Options exercisable into an equal number of equity shares having a face value of Rs. 5 each, fully paid up, in the Company.
- Exercise period in respect of the Vested Option is a maximum period of 7 years from the date of vesting of Options.