Protean eGov Technologies Approves 2,101 Stock Options Under ESOP 2017

Protean e-Gov Technologies Limited has taken a significant step in employee compensation by approving the grant of stock options under its Employee Stock Option Plan (ESOP) 2017. The company's Nomination and Remuneration Committee has given the green light for 2,101 stock options to be distributed among eligible employees.

Key Details of the ESOP Grant

Aspect	Details
Total Options Granted	2,101
Equity Shares Covered	2,101 (Face value: Rs. 10 each)
Exercise Price	Rs. 814.30 for 1,328 options Rs. 10 for 773 options
Vesting Period	1-4 years from grant date
Exercise Period	Within 3 years of vesting

Vesting and Exercise Conditions

The stock options are subject to a vesting schedule that spans from one to four years from the date of grant. This staggered approach aligns with common industry practices, encouraging employee retention and long-term commitment to the company's growth.

Once vested, employees will have a window of three years to exercise their options. This provision allows flexibility for employees to make informed decisions based on market conditions and personal financial planning.

Implications for Employees and the Company

The introduction of these stock options serves multiple purposes:

Alignment of Interests: By offering stock options, Protean eGov Technologies is aligning employee interests with those of the company and its shareholders.
Retention Tool: The multi-year vesting schedule acts as a retention mechanism, incentivizing employees to contribute to the company's long-term success.
Competitive Compensation: Stock options can be an attractive component of a compensation package, potentially helping Protean eGov Technologies to attract and retain top talent in a competitive market.

This ESOP grant demonstrates Protean eGov Technologies' commitment to creating value for its employees while fostering a sense of ownership within the organization. As the company continues to grow, the success of such initiatives may play a crucial role in its ability to maintain a motivated and dedicated workforce.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.44%	-1.78%	-5.60%	-19.28%	-44.90%	-44.90%

Protean e-Gov Technologies Limited, a key player in the technology sector, has announced a significant change in its senior management. Bertram D'Souza, the company's Executive Vice President and Chief Products Innovation Officer, has tendered his resignation due to personal reasons.

Resignation Details

The company disclosed this information in compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Here are the key details of the resignation:

Aspect	Detail
Resigning Executive	Bertram D'Souza
Position	Executive Vice President (Chief Products Innovation Officer)
Reason for Resignation	Personal reasons
Date of Resignation	November 25, 2025
Last Working Day	December 19, 2025

Impact on Company Structure

This resignation marks a change in Protean eGov Technologies' senior management structure. As the Chief Products Innovation Officer, D'Souza held a crucial role in overseeing product innovation at the firm.

Transition Period

The company has not yet announced a successor for the position. The period between the announcement and D'Souza's last working day (approximately three weeks) could be utilized for knowledge transfer and to ensure a smooth handover of responsibilities.

Company's Response

Protean eGov Technologies has not provided any immediate statement regarding their plans to fill this position or any potential impact on their ongoing projects or product roadmap.

As this news represents a change in the company's management, it may be of interest to stakeholders and investors.