NIIT Learning Systems grants 1.48M stock options under ESOP 2024

NIIT Learning Systems Ltd's Nomination and Remuneration Committee approved the grant of 1,488,667 stock options to eligible employees on July 28, 2026, under the NLSL Employee Stock Option Plan 2024. These options are convertible into an equal number of equity shares upon exercise. The grants are divided into multiple tranches with varying vesting terms and exercise periods. Some options have an exercise price of ₹233.57 per option, based on the closing market price on July 27, 2026. Other options, totaling 417,000, are granted at a face value exercise price of ₹2 per option and are performance-linked. These performance-linked options require the achievement of specific revenue and EBITDA goals (85% threshold for each with 50% weightage) for vesting. Vesting periods range from one to three years, with exercise periods typically five years from the vest date, though some performance-linked options have specific exercise deadlines.