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HCL Technologies Ltd — Capital/Financing Update 2022
Oct 13, 2022
62415_rns_2022-10-13_6ecfc55f-93fb-4413-b96d-b982e43b8a51.pdf
Capital/Financing Update
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October 13, 2022
The General Manager The Manager BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051
BSE Scrip Code: 532281
NSE Scrip Code: HCLTECH
Sub: Grant of Restricted Stock Units (RSUs) under ‘HCL Technologies Limited - Restricted Stock Unit Plan 2021’ (“HCL RSU Plan”)
Dear Sirs,
This is to inform you that the Nomination and Remuneration Committee (‘NRC’) of the Board of Directors of the Company on October 12, 2022, has granted RSUs to the eligible employees of the Company and its subsidiaries/associate companies under the HCL RSU Plan as per details given hereunder:
| Particulars | Details |
|---|---|
| Brief details of RSUs granted | 33,399 RSUs in aggregate have been granted to 9 eligible |
| employees of the Company and its subsidiaries/associate | |
| companies. | |
| Each RSU shall entitle the RSU holder one fully paid-up equity | |
| share of ₹ 2/- each of the Company against each RSU vested | |
| and exercised and accordingly, up to 33,399 equity shares of | |
| ₹ 2/- each (representing 0.0012% of the paid-up equity share | |
| capital of the Company as on date), shall be transferred as per | |
| the terms of the HCL RSU Plan to the eligible employees. | |
| As informed earlier, the HCL RSU Plan has been implemented | |
| through a trust mechanism wherein the trust shall acquire the | |
| shares from the secondary market and transfer the same to | |
| the eligible employees on exercise. No fresh shares shall be | |
| issued by the Company either to the trust or to the employees | |
| in terms of the HCL RSU Plan. |
HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 0120 6120 25000 f: +91 120 4680330
Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India
| Whether the scheme is in termsofthe SEBI (Share BasedEmployee Benefits and SweatEquity)Regulations,2021(erstwhile known as the SEBI(ShareBasedEmployeeBenefits) Regulations, 2014). | Yes |
|---|---|
| Vesting Period | The tenure based RSUs granted under the HCL RSU Planwould vest on or after March 31, 2024. |
| Exercise Period | The vested RSUs shall be exercised by the eligible employeeswithin a maximum period of 6 months from the date of vesting ofRSUs. |
| Exercise Price | ₹2/- Per RSU_i.e._at Par value of equity share . |
| Diluted earnings per sharepursuant to issue of equityshares on exercise of RSUs. | There will not be any dilution of earnings per share as no freshshares shall be issued in terms of the HCL RSU Plan. |
Further, 19,606 RSUs that were earlier granted by the NRC were withdrawn.
This is for your information and records.
Yours faithfully,
For HCL Technologies Limited
Digitally signed by MANISH ANAND MANISH ANAND Date: 2022.10.13 16:43:17 +05'30' Manish Anand Company Secretary
HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 0120 6120 25000 f: +91 120 4680330
Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India