Sub: Intimation of Grant of Options under Employee Stock Option Plan 2005 (ESOP 2005)
Dear Sir/Madam,
Please note that the Nomination and Remuneration Committee of the Company, through a circular resolution passed on July 24, 2022 has approved a revised vesting schedule of a portion of the grant of performance-based Stock Options to the employees of the Company under ESOP 2005, details of which are as follows:
Grant 92
1
No. of Options Granted
:
12,500
2
Exercise Price
:
Rs. 10 per option
3
Vesting Period -
For the options determined based on the performance for the
As Is - No change
financial year 2022-23:
50% of such determined options on September 30, 2023;
50% of such determined options on September 30, 2024.
For the options determined based on the performance for the
financial year 2023-24:
50% of such determined options on September 30, 2024;
50% of such determined options on September 30, 2025.
1
No. of Options Granted
:
9,294
2
Exercise Price
:
Rs. 10 per option
3
Vesting Period -
For the options determined based on the performance for the
Vesting Schedule changed
financial year 2022-23:
50% of such determined options on September 30, 2023;
50% of such determined options on September 30, 2024.
4
Exercise Period
:
By 31st December of the year of vesting of the options
Grant 93
1
No. of Options Granted
:
2000
2
Exercise Price
:
Rs. 10 per option
3
Vesting Period - As is no
For the options determined based on the performance for the
change
financial year 2022-23:
50% of such determined options on September 30, 2023;
50% of such determined options on September 30, 2024.
For the options determined based on the performance for the
financial year 2023-24:
50% of such determined options on September 30, 2024;
Coforge Limited
(Erstwhile known as NIIT Technologies Limited)
Special Economic Zone, Plot No. TZ-2 & 2A, Sector - Tech Zone, Greater Noida (UP) - 201308, India.
Registered Office: 8, Balaji Estate, Third Floor, Guru Ravi Das Marg, Kalkaji, New Delhi - 110 019, India.
Tel.: +91 11 41029 297, Fax: +91 11 2641 4900
CIN: L72100DL1992PLC048753
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Coforge Ltd. published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 18:55:02 UTC.
Coforge Limited is an India-based information technology (IT) solution company. It is engaged in the in-application development and maintenance, managed services, cloud computing and business process outsourcing. The Company provides computer programming consultancy and related activities. Its geographical segments include Americas, Europe, Middle East and Africa (EMEA), Asia Pacific (APAC), and India. It offers various technologies, such as product engineering, salesforce ecosystem, digital integration, digital services, artificial intelligence, data and insight, digital process automation, cloud and infrastructure management services, cybersecurity services, systems applications and products services and advanced application engineering services. Its salesforce ecosystem includes Salesforce, Mulesoft, and Tableau. Its digital process automation includes Appian, Pega, and OutSystems. Its cloud and infrastructure management services include Anyplace Workplace and Anywhere Data Center.