HCL Technologies grants 43.27 lakh RSUs to employees
HCL Technologies granted 43,27,271 RSUs under the 2021 and 2024 plans, representing 0.159% of equity capital. Vesting runs from July 2027 to July 2029 at ₹ 2 per share via a trust mechanism.

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HCL Technologies granted 43,27,271 Restricted Stock Units (RSUs) to eligible employees and its subsidiaries under the RSU Plan 2021 and RSU Plan 2024. The grants, approved by the Nomination and Remuneration Committee on July 2, 2026, represent 0.159% of the paid-up equity share capital of the company. The scheme is implemented through a trust mechanism acquiring shares from the secondary market, ensuring no fresh share issuance or dilution of earnings per share.
Grant Details
The company allocated 2,04,784 RSUs to 9 employees under the RSU Plan 2021 and 41,22,487 RSUs to 2,102 employees under the RSU Plan 2024. Each RSU entitles the holder to one fully paid-up equity share of ₹ 2 each upon vesting and exercise. Additionally, 15,265 RSUs under the 2021 plan and 11,356 RSUs under the 2024 plan were cancelled.
Vesting Schedule
The vesting for the granted RSUs will occur between July 2027 and July 2029. The exercise period allows employees to exercise vested RSUs within a maximum of six months from the vesting date.
| Plan | Vesting Date | Number of RSUs |
|---|---|---|
| RSU Plan 2021 | 31-Jul-2027 | 2,04,784 |
| RSU Plan 2024 | 31-Jul-2027 | 37,60,726 |
| RSU Plan 2024 | 30-Jun-2028 | 1,24,330 |
| RSU Plan 2024 | 31-Jul-2028 | 78,345 |
| RSU Plan 2024 | 30-Jun-2029 | 13,814 |
| RSU Plan 2024 | 31-Jul-2029 | 1,45,272 |
Key Terms
The exercise price is fixed at ₹ 2 per RSU, equivalent to the par value of the equity share. The trust acquires shares from the secondary market to fulfill obligations, meaning the company will not issue fresh shares to the trust or employees. Consequently, there will be no dilution of earnings per share resulting from the exercise of these RSUs.
Historical Stock Returns for HCL Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.00% | +5.97% | +1.47% | -27.72% | -31.70% | +20.18% |
How will the trust's acquisition of shares from the secondary market impact HCL's stock liquidity and price volatility during the vesting period?
What criteria were used to select the specific employees for the RSU grants, and does this signal a strategic shift in talent retention?
Will HCL Technologies increase the frequency or size of such grants to remain competitive in the IT sector's talent war?































