Le Travenues Technology approves 507,884 ESOS options at ₹93
Le Travenues Technology Limited granted 507,884 stock options to employees across five schemes on August 6, 2026. The options have an exercise price of ₹93 and vest over four years. The largest portion, 451,528 options, was allocated under ESOS 2021. The move aims to retain talent and align employee interests with shareholder value.
*this image is generated using AI for illustrative purposes only.
Le Travenues Technology Limited has approved the grant of 507,884 employee stock options to its workforce, marking a significant retention move for the travel technology firm. The Nomination and Remuneration Committee authorized the grants during its meeting on August 06, 2026, distributing the options across five existing equity incentive plans. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.
The options were granted at an exercise price of ₹93 per option, as determined by the committee. Upon vesting and exercise, these options will convert into an equivalent number of equity shares on a pari passu basis with the company's existing equity shares. The grants align with the company's objective to motivate and retain talented employees while aligning their interests with long-term shareholder value creation.
The distribution of the 507,884 options across the various schemes is detailed below:
| Scheme | Options Granted | Vesting Period |
|---|---|---|
| ESOS 2012 | 13,156 | Four years in equal annual installments of 25% |
| ESOS 2016 | 13,160 | Four years in equal annual installments of 25% |
| ESOS 2020 | 4,000 | Four years in equal annual installments of 25% |
| ESOS 2021 | 451,528 | Four years in equal annual installments of 25% |
| ESOS 2024 | 26,040 | Four years in equal annual installments of 25% |
The vesting schedule requires employees to remain with the company for four years, with 25% of the granted options vesting annually. Once vested, employees have a five-year window to exercise the options before they lapse. In the event of resignation, vested options can be exercised within 365 days from the last working day with the company.
Scheme Objectives and Compliance
The primary objectives of these stock option schemes include attracting and retaining appropriate human talent, achieving sustained growth, and creating a sense of ownership among employees. The schemes aim to provide additional deferred rewards, thereby linking employee performance to the company's profitability and overall growth trajectory.
The announcement was signed by Suresh Kumar Bhutani, Group General Counsel, Company Secretary & Compliance Officer, and is available on the company's investor website. The meeting commenced at 03:45 P.M. (IST) and concluded at 03:55 P.M. (IST).
Historical Stock Returns for Le Travenues Technology (IXIGO)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.02% | +4.45% | -6.04% | -2.31% | -15.97% | +9.63% |
How might the dilution from converting 507,884 options into equity shares impact Le Travenues' earnings per share (EPS) over the next four years?
Given the heavy allocation to the ESOS 2021 scheme, does this indicate a strategic focus on retaining mid-to-senior level talent acquired in recent years?
How will the ₹93 exercise price compare to future market valuations, and what is the potential upside for employees if the stock price appreciates significantly?
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