HCL Technologies Ltd — Regulatory Filings 2021

Dec 21, 2021

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December 21, 2021

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 at its meeting held on December 20, 2021, has granted RSUs to the eligible employees of the Company and its subsidiaries/associate companies under the HCL RSU Plan as pe details given hereunder:

Particulars	Details
Brief details of RSUs granted	79,70,783 RSUs in aggregate have been granted to 2,163 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 79,70,783 equity shares of ₹ 2/- each (representing 0.29% 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. The RSU Plan shall be implemented through a trust mechanism wherein the trust shall acquire the shares from the secondary market and transfer the same to the employees on exercise. No fresh shares shall be issued by the Company either to the trust or to the employees in terms of the RSU Plan.
Whether the scheme is in terms of SEBI (SBEB) Regulations, 2014	Yes
Vesting Period	The tenure based RSUs granted under the HCL RSU Plan would vest on or after March 31, 2024. The RSUs that are based on performance conditions will vest on or after a period of 1 year from the date of grant.

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Exercise Period	The vested RSUs shall be exercised by the eligible employees within a maximum period of 6 months from the date of vesting of RSUs.
Exercise Price	₹2/- Per RSU_i.e._at Par value of equity share .
Diluted earnings per share pursuant to issue of equity shares on exercise of RSUs.	There will not be any dilution of earnings per share as no fresh shares shall be issued in terms of the RSU Plan.

This is for your information and records.

Yours faithfully, For HCL Technologies Limited

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Manish Anand Company Secretary

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