Tech Mahindra Allots 61,561 Equity Shares Under Employee Stock Option Plans
Tech Mahindra allotted 61,561 equity shares on March 17, 2026, under two employee stock option schemes - 42,381 shares under ESOP-2014 and 19,180 shares under ESOP-2018. The allotment increased the company's total issued shares to 97,98,41,252 and total issued share capital to ₹ 4,89,92,06,260. The newly issued shares, with a par value of ₹ 5/- each and exercise price of Rs. 5, rank pari passu with existing equity shares and maintain full regulatory compliance with SEBI requirements.
*this image is generated using AI for illustrative purposes only.
Tech Mahindra announced the allotment of 61,561 equity shares on March 17, 2026, pursuant to the exercise of employee stock options under its established ESOP schemes. The Securities Allotment Committee of the Board of Directors approved this allotment at 5.39 a.m. (IST) on the same day, as part of the company's ongoing employee benefit programs.
Share Allotment Details
The allotment was executed under two distinct employee stock option schemes, demonstrating the company's commitment to employee participation in equity ownership. The distribution included a larger allocation from the older scheme and a supplementary allocation from the more recent program.
| Scheme: | Shares Allotted |
|---|---|
| Employee Stock Option Plan – 2014 (ESOP-2014): | 42,381 |
| Employee Stock Option Scheme – 2018 (ESOP-2018): | 19,180 |
| Total Shares Allotted: | 61,561 |
Financial Impact and Share Capital Structure
The allotment resulted in a significant expansion of the company's equity base, with each share carrying a par value of ₹ 5/-. The exercise price per share was set at Rs. 5 with no premium, making the options accessible to employees while maintaining the company's capital structure integrity.
| Parameter: | Details |
|---|---|
| Par Value per Share: | ₹ 5/- |
| Exercise Price per Share: | Rs. 5 |
| Premium per Share: | NIL |
| Total Issued Shares After Allotment: | 97,98,41,252 |
| Total Issued Share Capital: | ₹ 4,89,92,06,260 |
Regulatory Compliance and Share Characteristics
Tech Mahindra ensured full compliance with SEBI regulations throughout the allotment process. The company filed the necessary statements under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, with both BSE Limited and National Stock Exchange of India Limited.
The newly allotted shares possess the following characteristics:
- ISIN Number: INE669C01036
- Distinctive Numbers: 1000364692 to 1000426252
- Lock-in Period: Not applicable
- Ranking: Pari passu with existing equity shares
The shares are identical in all respects to the company's existing equity shares, ensuring seamless integration into the current shareholding structure. No listing fees are payable for this allotment, and the shares will be issued in demat form to facilitate easy trading and transfer.
Scheme Background and Approvals
Both ESOP schemes received prior approval from stock exchanges before the implementation of current SEBI regulations. The ESOP-2014 scheme received in-principal approval through letter no. DCS/IPO/JS/ESOP-IP/844/2014-15 dated March 31, 2015, while the ESOP-2018 scheme was approved via letter no. DCS/IPO/PB/ESOP-IP/3595/2018-19 dated March 20, 2019. The statement under Regulation 10(b) for the ESOP-2018 scheme was filed with both stock exchanges on February 27, 2019, ensuring complete regulatory compliance.
Historical Stock Returns for Tech Mahindra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | +0.41% | -11.30% | -12.39% | -6.83% | +30.71% |
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