Le Travenues Technology Grants 507,884 Stock Options Under Multiple Schemes
Le Travenues Technology Limited approved the grant of 507,884 stock options under its employee stock option schemes. The options are granted at an exercise price of ₹93 each. The grants aim to retain and motivate employees and align their interests with long-term company growth.
The grant of employee stock options is a standard HR practice and typically has a limited immediate impact on the company's stock price or overall valuation. The number of options granted is a small fraction of the total outstanding shares.
The announcement is a routine grant of employee stock options, which is a standard practice for employee retention and motivation. It does not contain significant financial performance updates or major strategic shifts that would warrant a positive or negative sentiment.
Le Travenues Technology Limited (IXIGO) announced today, August 06, 2026, that its Nomination and Remuneration Committee has approved the grant of 507,884 stock options under various employee stock option schemes. These schemes include ESOS 2012, ESOS 2016, ESOS 2020, ESOS 2021, and ESOS 2024.
The committee meeting, held on August 06, 2026, commenced at 03:45 PM IST and concluded at 03:55 PM IST. The granted options have an exercise price of ₹93 per option. The objectives behind these grants are to motivate and retain talented employees, attract and retain human talent, achieve sustained growth, create shareholder value by aligning employee and company interests, foster a sense of ownership, and provide additional deferred rewards.
Specific details of the options granted per scheme are as follows: ESOS 2012 (13,156 options), ESOS 2016 (13,160 options), ESOS 2020 (4,000 options), ESOS 2021 (451,528 options), and ESOS 2024 (26,040 options). The options granted will vest over a period of four years in equal annual installments of 25% each. The exercise period for the granted options is five years from the respective vesting date, after which they would lapse. In case of resignation, vested options can be exercised within 365 days from the last working day.
Upon vesting and exercise, these options will be converted into an equivalent number of equity shares on a pari passu basis with the existing equity shares of the Company.
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Le Travenues Technology Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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