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ESOP29 May 2026, 01:11 am

Compucom Board Approves ESOS 2026 with up to 26.99 Lakh Options

AI Summary

Compucom Software Limited's Board of Directors, based on the Nomination and Remuneration Committee's recommendation, has approved the "Compucom Software Limited - Employee Stock Option Scheme 2026" (CSL - ESOS 2026). This scheme is designed for eligible employees across the company and its group entities, adhering to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The approval is contingent on obtaining shareholder consent at the forthcoming Annual General Meeting. The scheme allows for the grant of options covering between one percent (1%) and three percent (3%) of the company's issued capital in any given year, with a total cap of 26,99,379 options. The exercise price will be determined by the NRC but will not be less than the equity share's face value of Rs. 2/-. Options will vest between one and four years from the grant date and can be exercised within four years of vesting.

Key Highlights

  • Board approved CSL - ESOS 2026 for eligible employees.
  • Scheme covers up to 26,99,379 equity options.
  • Options represent 1% to 3% of issued capital annually.
  • Subject to shareholder approval at the upcoming AGM.
  • Exercise price not below face value of Rs. 2 per share.