Protean eGov Technologies Limited has announced the grant of 3,39,665 stock options to eligible employees under its Employee Stock Option Plan, 2017 (ESOP 2017). The decision was approved by the Nomination and Remuneration Committee (NRC) via a circular resolution dated July 8, 2026. The granted options cover 3,39,665 equity shares, each with a face value of Rs. 10. The exercise price for 1,78,090 stock options is set at Rs. 589.85 per share, while for the remaining 1,61,575 stock options, it is Rs. 10 per share. These options are subject to vesting conditions and will vest not earlier than one year and not later than four years from the grant date, as determined by the NRC. Upon vesting, the stock options can be exercised within three years. The company has confirmed that the scheme is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2021. Details regarding options exercised, money realized, lapsed options, or variations in terms are not applicable at this stage.
