Pune, January 28, 2025 – KPIT Technologies Limited (NSE: KPITTECH, BSE: 542651) has announced the grant of 17,350 Restricted Stock Units (RSUs) to eligible employees under its KPIT Technologies Limited Restricted Stock Unit Plan 2022 (RSU Plan 2022). The allotment was approved by the Nomination and Remuneration (HR) Committee in its meeting held on January 28, 2025.
Key Details of the RSU Grant
| Parameter | Details |
|---|---|
| Total RSUs Granted | 17,350 RSUs |
| Plan Name | RSU Plan 2022 (Approved in AGM on August 24, 2022) |
| Exercise Price | ₹10 per RSU (Face Value) |
| Vesting Period | Minimum 1 year, maximum 4 years |
| Exercise Period | 5 years from vesting |
| Options Exercised | Nil |
| Options Lapsed | Nil |
| Conversion Ratio | 1 RSU = 1 Equity Share |
| Diluted EPS Impact | Options are yet to be exercised |
Key Features of the RSU Plan
- The vesting period ranges from one to four years, ensuring long-term employee retention and performance alignment.
- Employees will have five years to exercise their options post-vesting.
- The RSUs convert into equity shares on a 1:1 basis, increasing employee equity participation in the company.