Hexaware Technologies Approves ESOP Plan Amendments and New RSU Plan
Hexaware Technologies' Board approved amendments to its 2024 ESOP Plan and a new Restricted Stock Unit (RSU) Plan 2026. The RSU Plan allows for up to 2,000,000 RSUs, convertible into equity shares, with a minimum one-year vesting period. These initiatives aim to reward and retain employees.
The approval of ESOP and RSU plans are standard employee incentive mechanisms and typically have a limited direct financial impact on the company in the short term. The scale of the grants is also within regulatory limits.
The announcement pertains to routine employee stock option plans and amendments, which are standard corporate actions and do not inherently indicate a positive or negative shift in the company's financial performance or strategic direction.
Hexaware Technologies Limited announced that its Board of Directors, during a meeting held on September 02, 2026, approved several key initiatives related to employee stock options and incentives.
The Board considered and approved proposed amendments to certain terms and conditions of the Hexaware Employees Stock Option Plan 2024 (Hexaware ESOP Plan 2024).
Furthermore, the Board approved the grant of employee stock options under the Hexaware ESOP Plan 2024, in excess of 1% of the Company's issued share capital, in compliance with SEBI regulations.
A significant development is the Board's approval of the new Hexaware Restricted Stock Unit Plan 2026 (RSU Plan). This plan is designed to reward eligible employees for their association, retention, dedication, and contribution to the Company's goals. The RSU Plan allows for the grant of up to 2,000,000 RSUs, with each RSU convertible into one equity share. The exercise price will be the par value of the equity shares on the grant date, subject to SEBI regulations. The RSUs will have a minimum vesting period of one year. The RSU Plan will be implemented through the Hexaware Employees Benefit Trust, which may acquire shares through fresh allotment or secondary market purchases. The Board also approved amendments to the trust deed for the Hexaware Employees Stock Option Trust - 2024.
The disclosure pursuant to SEBI Circular No. HO/49/14/14(7)2025- CFD- POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. A Notice of Postal Ballot seeking Member's approval for these proposals will be disclosed in due course. The meeting commenced at 5:35 PM IST and concluded at 5:53 PM IST.
A plain-language summary of a public exchange filing by Hexaware Technologies Limited. Read the original for the full detail.