Sagility has announced the approval of its Employee Stock Options and Performance Stock Units Scheme 2026 (ESOS 2026). The scheme, recommended by the Nomination and Remuneration Committee, is designed to grant stock options to eligible directors and employees of the company and its subsidiaries, pending shareholder approval.
The ESOS 2026 includes a total pool of 3,09,10,845 Employee Stock Options and 12,36,43,222 Performance Stock Units. Each option or unit, when exercised, will entitle the holder to one fully paid-up equity share of face value ₹10 each. The total number of shares covered by these options amounts to 15,45,54,067 equity shares, representing 3.30% of the current paid-up capital of the company.
The exercise price for the options will be determined by the Nomination and Remuneration Committee and will not be less than the market price of the company’s shares on the grant date. For the Performance Stock Units, the exercise price will be the face value of the company’s shares on the grant date.
The exercise period for the vested options and units will be a maximum of two years from the date of each vesting, or a shorter period as prescribed by the Nomination and Remuneration Committee at the time of grant.
Currently, no grants have been made as the scheme is subject to shareholder approval, which will be sought through a postal ballot. Significant terms of the scheme will be disclosed in the explanatory statement forming part of the Postal Ballot Notice, which will be available on the company’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).