Nomination and Remuneration Committee approves grant of 8,75,000 stock options under ESOP 2023
NRC approved grant of 8,75,000 stock options to identified employees under ESOP 2023.
By ScoutQuest · · 1 min read
- Stock options granted
- 8,75,000 stock options to identified employees under ESOP 2023
- Exercise price
- Rs. 10/- per option
- Vesting schedule
- Vesting over 3 years: 30%, 30%, 40%
What was approved
The Nomination and Remuneration Committee approved the grant of 8,75,000 stock options to identified employees under the 3i Infotech Stock Option Plan 2023 (ESOP 2023). The annexure states that these options cover 8,75,000 equity shares, meaning each option is linked to one equity share.
Price and vesting
- Exercise price: Rs. 10/- per stock option
- Vesting: 30% in the first year, 30% in the second year and 40% in the third year
- Exercise window: 5 years from the vesting date
How option grants work
A stock option is the right given to an employee to buy a share later at a fixed price. Granting options does not by itself change the number of shares in issue. Shares arise only if and when employees exercise the options, and at that point the company receives the exercise price of Rs. 10/- per stock option.
The annexure records options exercised as "Not Applicable".
Terms attached to the shares
The shares issued on exercise of these options will rank pari-passu with the existing equity shares in all respects and will not be subject to lock-in. ESOP 2023 also sets out how the options are dealt with in situations such as death, permanent incapacity, resignation and termination.
What a reader can take away
- The grant is for 8,75,000 stock options, tied to 8,75,000 equity shares.
- Employees pay Rs. 10/- per stock option when they exercise.
- The benefit reaches employees in phases over three years through the 30%, 30% and 40% vesting, and each vested lot can be exercised within 5 years of vesting.
- The shares that follow from exercise carry the same rights as existing equity shares and no lock-in.
Also from 3i Infotech
Receives purchase order for IT management services worth about Rs. 5.33 crores from a state-owned power utility
23 Oct 2026
UAE subsidiary receives purchase order for SAP migration and QA/UAT resources
23 Oct 2026
Board meeting on October 29, 2026 to consider and approve unaudited Q2 and H1 results
14 Oct 2026
More numbers
- Stock options granted8,75,000 stock options
- Total equity shares covered by these options8,75,000 equity shares
- Exercise price per stock optionRs. 10/- per stock option
- Vesting in 1st year30%
- Vesting in 2nd year30%
- Vesting in 3rd year40%
- Time within which options may be exercised5 years from the vesting date
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.