Zen Technologies: ESOPs Granted at ₹250 Exercise Price

Zen Technologies Limited announced on October 25, 2025, the grant of 37,750 Employee Stock Options (ESOPs) to eligible employees. These options are convertible into an equal number of equity shares with a face value of ₹1/- each, issued under the "Zen Technologies Limited Employee Stock Option Plan – 2021." The nomination and remuneration committee of the board of directors approved this grant.

The ESOPs are being granted at an exercise price of ₹250/- per option. This price is higher than the face value of the equity shares but less than the prevailing market price on the grant date. The options will begin vesting after one to two years from the grant date and must be exercised within two years from the respective vesting period.

This grant adheres to the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The scheme is administered and implemented by the nomination and remuneration committee through the Zen Technologies Limited Employees Welfare Trust, with the grant based on specific eligibility criteria detailed in the scheme.