NewsCorporate ActionsLe Travenues Technology Limited Grants 98,944 Stock Options Under Employee SchemesLe Travenues Technology Limited Grants 98,944 Stock Options Under Employee Schemes
Le Travenues Technology Limited granted 98,944 employee stock options on January 22, 2026, across three ESOS schemes with exercise price of ₹93.00 per option. The majority (94,772 options) were allocated under ESOS 2021 with four-year vesting periods, while smaller allocations went to ESOS 2013 and 2016 schemes with varying vesting terms.
*this image is generated using AI for illustrative purposes only.
Le Travenues Technology Limited has announced the grant of 98,944 stock options under its employee stock option schemes, following approval by the Nomination and Remuneration Committee on January 22, 2026. The grant covers three distinct schemes and represents a significant employee incentive initiative by the travel technology company.
Stock Option Grant Details
The committee approved the grant across three employee stock option schemes with specific allocations and terms:
| Scheme: | Options Granted | Vesting Period |
|---|---|---|
| ESOS 2013 | 776 | One-year vesting period |
| ESOS 2013 | 2,076 | Four years in equal 25% annual installments |
| ESOS 2016 | 1,320 | Four years in equal 25% annual installments |
| ESOS 2021 | 94,772 | Four years in equal 25% annual installments |
| Total | 98,944 | Various periods |
Pricing and Exercise Terms
The options have been granted at an exercise price of ₹93.00 per option. The exercise period for all granted options shall be five years from the date of respective vesting of each option, beyond which the options would lapse. In case of employee resignation, vested options can be exercised within 365 days from the last working day with the company.
Scheme Objectives and Structure
The employee stock option schemes are designed with multiple strategic objectives:
- Motivate and retain talented employees to contribute towards overall growth and profitability
- Provide means to attract and retain appropriate human talent
- Achieve sustained growth and shareholder value creation by aligning employee interests with long-term company interests
- Create ownership sense and participation amongst employees
- Provide additional deferred rewards to employees
Regulatory Compliance
The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schemes operate in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Nomination and Remuneration Committee meeting was conducted from 02:15 P.M. to 02:30 P.M. (IST) on January 22, 2026.
Share Conversion Impact
Upon vesting and exercise, the granted options will be converted into an equivalent number of equity shares on a pari passu basis with the existing equity shares of the company. The total of 98,944 options represents the potential for equivalent equity share creation, subject to vesting conditions and employee exercise decisions.
Historical Stock Returns for Le Travenues Technology (IXIGO)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.48% | +1.86% | -8.07% | +6.81% | +67.45% | +27.58% |
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