Infollion Research Services Limited has recently announced the grant of 18,012 Employee Stock Options (ESOPs) under its IRS ESOP 2023, approved by the Nomination and Remuneration Committee (NRC). This grant marks a significant move in the company's commitment to providing employee benefits that align with corporate growth. The ESOP scheme is designed to offer employees a stake in the company’s future, fostering a more engaged and motivated workforce.

Key Details of the Grant

As part of the IRS ESOP 2023, each stock option is convertible into one fully paid-up equity share of face value INR 10.00. The total number of shares covered by this grant is 18,012, offering eligible employees the opportunity to benefit from the future growth of Infollion Research Services. The exercise price of the stock options has been set at INR 10.00 per option, making it an attractive offer for the employees participating in the scheme.

Vesting and Exercise Period

The options granted to eligible employees are set to vest at a later stage, as per the terms of the IRS ESOP 2023. Importantly, these options can be exercised within 7 years from the vesting date, providing ample time for employees to capitalize on this opportunity. The vesting process ensures that employees stay committed to the company’s success in the long run.

Terms of the Stock Option Scheme

The scheme is in line with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, which ensures that all legal and regulatory requirements are adhered to. The NRC administers the scheme and provides detailed terms on how the options will be handled in case of death, retirement, resignation, or permanent incapacity. One of the significant benefits for employees is that the equity shares acquired through the exercise of options will not be subject to any lock-in period, allowing immediate liquidity.

This move is expected to align employees' interests with those of the company, encouraging long-term commitment and performance. The options granted are a clear indication of Infollion Research Services' efforts to foster a strong corporate culture by incentivizing employees and offering them a sense of ownership.

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