3i Infotech grants 19.4 lakh stock options under ESOP 2023
3i Infotech's NRC approved granting 19,40,000 stock options to employees under ESOP 2023 at ₹10 per option. The options vest over three years with a 33-33-34 split and are exercisable for five years post-vesting. The scheme complies with SEBI regulations and shares issued will be pari-passu with existing equity.
*this image is generated using AI for illustrative purposes only.
3i Infotech has approved the grant of 19,40,000 stock options to identified employees under its 3i Infotech Employee Stock Option Plan 2023. The decision was taken by the company's Nomination and Remuneration Committee (NRC) during a meeting held on July 17, 2026. The grant aims to incentivize employees and align their interests with the growth of the company.
The options are priced at ₹10 per stock option and will vest over a period of three years. The vesting schedule is structured such that 33% of the options vest at the end of the first year, another 33% at the end of the second year, and the remaining 34% at the end of the third year. Once vested, the options can be exercised within a period of five years from the respective vesting dates.
The ESOP 2023 is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of equity shares covered by these options is 19,40,000. The equity shares arising from the exercise of these options will be pari-passu to the existing equity shares and will not be subject to any lock-in period.
The scheme also outlines provisions for dealing with stock options in cases of death, permanent incapacity, resignation, or termination. The NRC meeting commenced at 11:30 a.m. and concluded at 4:42 p.m. on July 17, 2026. The regulatory disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of ESOP Grant
| Particular | Details |
|---|---|
| Total Options Granted | 19,40,000 |
| Pricing Formula | ₹10 per stock option |
| Vesting Schedule | 1st year – 33% 2nd year – 33% 3rd year – 34% |
| Exercise Period | 5 years from vesting date |
| Regulatory Compliance | SEBI (SBEB) Regulations, 2021 |
Historical Stock Returns for 3I Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.30% | +13.06% | +17.28% | +37.02% | -12.02% | +139.51% |
How will the dilution of equity shares from the exercise of these options impact existing shareholders?
What criteria were used to identify the employees eligible for this ESOP grant?
How does this ESOP grant align with 3i Infotech's long-term talent retention and growth strategy?
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