Committee grants 60,335 stock units to employees under OFSS Stock Plan 2014
Oracle Financial Services Software's Nomination and Remuneration Committee has granted 60,335 OFSS Stock Units (OSUs) to employees under the OFSS Stock Plan 2014 on October 17, 2026.
By ScoutQuest · · 1 min read
- Units granted
- 60,335 OFSS Stock Units (OSUs)
- Grant date
- October 17, 2026
- Plan
- OFSS Stock Plan 2014
What the company informed the exchanges
The Nomination and Remuneration Committee of the Board of Directors of Oracle Financial Services Software Limited granted 60,335 OFSS Stock Units (OSUs) to employees of the company under the OFSS Stock Plan 2014.
The grant was made on October 17, 2026, the same day the company wrote to the National Stock Exchange of India Limited and BSE Ltd. informing them of the decision.
How the units work
- The units are granted under the OFSS Stock Plan 2014, referred to in the letter as the "Plan".
- They will vest as per the vesting schedule set out in that plan.
- Once vested, they can be exercised over the exercise period defined in the plan.
Why companies disclose this
Employee stock plans are a way of linking a portion of employee reward to the company's shares. A grant under such a plan is a routine board-committee decision, and listed companies intimate the exchanges when such grants are made. The company has also stated that this intimation will be published on its website.
What the letter covers
The communication is signed by Onkarnath Banerjee, Company Secretary and Compliance Officer. It sets out the number of units granted, the plan under which they are granted, and the fact that vesting and exercise will follow the terms of that plan.
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More numbers
- OFSS Stock Units granted to employees60,335
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