Nomination and Remuneration Committee grants 17,996 ESOPs under Employee Stock Option Plan 2019

Kratikal Tech's Nomination and Remuneration Committee granted 17,996 ESOPs under the Kratikal Tech Employee Stock Option Plan 2019.

Thu 1 Oct 2026

ESOPs Granted

17,996 ESOPs under the Kratikal Tech Employee Stock Option Plan 2019

Face Value

Rs. 10

Shares per Option

Each option carries the right to 1 equity share

Vesting Period

not less than 1 year, not more than 4 years

Exercise Period

exercise within 30 days of vesting

What was announced

• The Nomination and Remuneration Committee granted 17,996 equity stock options of face value Rs. 10 each under the Kratikal Tech Employee Stock Option Plan 2019.
• The grant was made to an eligible employee of the Company.
• The committee meeting was held on October 01, 2026, commencing at 07:00 PM and concluding at 07:32 PM.

Key terms of the grant

• Total shares covered by these options: 17,996 equity shares of Rs. 10 each.
• Each stock option carries the right to apply for and be allotted 1 equity share of face value Rs. 10.
• Pricing: the options have been granted at the face value of the Company, as approved by the Nomination and Remuneration Committee, under the ESOP 2019 and the SEBI (Share Based Employee Benefits) Regulations, 2021.
• Vesting: the vesting period shall be not less than 1 year and not more than 4 years from the date of grant. The exact proportion and period over which the options vest will be determined by the committee as specified in the Grant Letter, subject to a minimum vesting period of one year from the date of grant.
• Exercise: the exercise period begins from the date of vesting and expires within 30 days from the date of each respective vesting, or such other period as the committee may decide. Options not exercised within the exercise period lapse and are cancelled forthwith.

What happens next

• The update states that options exercised, money realised by exercise of options, the total number of shares arising from exercise, options lapsed, and diluted earnings per share pursuant to the issue of equity shares on exercise of options are to be determined post the exercise period.
• On diluted earnings per share, the update states that options are yet to be exercised.

How a shareholder can read this

• An ESOP grant is a way of compensating employees with a right to shares in future rather than cash today. It does not immediately change the number of shares in issue; the shares come into being only when options are exercised and allotted.
• Because each option converts into one equity share on exercise, a grant of this size represents a possible future addition to the share count if the options are exercised.
• The vesting window of one to four years and the 30-day exercise window after each vesting tell you the timing over which that possibility can play out.
• The update itself notes the exercise-related numbers, including shares arising on exercise and diluted earnings per share impact, will be determined once the exercise period is over.

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