ESOP6 Aug 2026, 04:02 pm
Le Travenues Technology Grants 507,884 Employee Stock Options
AI Summary
Le Travenues Technology Ltd announced the grant of 507,884 stock options under its various Employees Stock Option Schemes (ESOS 2012, 2016, 2020, 2021, and 2024). The Nomination and Remuneration Committee approved the grant on August 06, 2026. These options are exercisable at ₹93 per option and will vest over four years. The primary objectives of these schemes are to motivate and retain employees, attract talent, align employee interests with long-term company growth, and foster a sense of ownership. The company aims to create sustained growth and shareholder value through these initiatives.
Key Highlights
- 507,884 employee stock options granted across multiple schemes.
- Options granted at an exercise price of ₹93 per option.
- Vesting period for options is four years with 25% annual installments.
- Schemes aim to motivate, retain, and align employees with company growth.
- Grant is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Price Impact
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