Subject: Grant of options under the "Birlasoft Share Incentive Plan-2022".
Dear Sir/Madam,
This is to inform you that, in terms of the "Birlasoft Share Incentive Plan-2022" ("Plan"), as approved by the Board of Directors on May 23, 2022 and by the members of the Company in the Annual General Meeting held on August 3, 2022, the Nomination and Remuneration Committee (NRC), at its meeting held on October 20, 2022, has approved grant of the following to the Eligible Employee(s) of the Company:
Sr. No.
Particulars
Options - Restricted
Options - Performance
Stock Units
Stock Units
1
No. of options
472,500
577,500
2
Vesting Schedule &
Determined by the NRC in
Determined by the NRC in
Exercise Period
accordance with the terms
accordance with the terms
of the Plan.
of the Plan.
3
Exercise price (in Rs.)
Rs. 2/-
Rs. 2/-
Please note that each Option shall carry a right to be converted into one Share.
Kindly take the same on your record.
Thanking you.
Yours faithfully,
For Birlasoft Limited
Sneha Padve
Company Secretary & Compliance Officer
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Birlasoft Ltd. published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 04:59:03 UTC.
Birlasoft Limited is an India-based company, which is engaged in providing information and communication, computer programming, consultancy, and related activities. The Company provides a range of services, which includes digital and enterprise technologies and services. Its digital services include data analytics, connected products, intelligence automation, connected products, cloud, and blockchain. Its enterprise technologies and services include customer relationship management, manufacturing, execution systems, product lifecycle management, supply chain management, information technology (IT) transformation, applications management, testing, infrastructure, and cloud technology. Its solutions include intelliAsset, TruView contract lifecycle management (CLM), Supplier Risk Rader, submission automation, and AKOYA. It serves various industries, which include automotive, banking, manufacturing, capital markets, insurance, media and entertainment, energy and resources, and others.