AI assistant
Newgen Software Technologies Limited — Capital/Financing Update 2021
Mar 25, 2021
61831_rns_2021-03-25_d6348ac8-05fd-4955-b070-22a7e0f5e24a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [94 x 59] intentionally omitted <==
Newgen Software Technologies Limited
CIN: L72200DL1992PLC049074
Regd. Office: A‐6, Satsang Vihar Marg, Qutab Institutional Area, New Delhi ‐ 110 067, INDIA Email: [email protected] URL: https://newgensoft.com Tel.: (+91)‐11‐4077 0100, (+91)‐11‐2696 3571, 2696 4733, Fax: (+91)‐11‐2685 6936
==> picture [495 x 15] intentionally omitted <==
Date: 25[th] March 2021
| BSE Limited | National Stock Exchange of India Limited |
|---|---|
| Phiroze Jeejeebhoy Towers, | Exchange Plaza, Plot No. C/1, G Block, |
| Dalal Street, | Bandra- Kurla Complex |
| Mumbai – 400001 | Bandra (E), Mumbai – 400051 |
| Ref.: Newgen Software Technologies Limited | Ref.: Newgen Software Technologies Limited |
| (NEWGEN/INE619B01017) | (NEWGEN/INE619B01017) |
| Scrip Code – 540900 |
Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ref.: Grant of Stock Options
Dear Sir/ Ma'am,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Nomination & Remuneration Committee of the Board of Directors of the Company at its Meeting held today i.e. Thursday, 25[th] March 2021, has approved the following Grant to the eligible employees in terms of Newgen Employees Stock Option Scheme 2014:
| S. No. | Particulars | Details |
|---|---|---|
| 1. | Number of Options granted | 2,33,000 |
| 2. | Grant Date | 25thMarch 2021 |
| 3. | Whether the scheme is in terms of SEBI (SBEB) | Yes |
| Regulations, 2014 | ||
| 4. | Total number of shares covered by these options | 2,33,000 |
| 5. | Exercise Price | Rs. 63 |
| 6. | Vesting period | Number of optionsVesting schedule |
| vested | ||
| 10% of the optionsOne year from the | ||
| granteddate of grant | ||
| 20% of the optionsTwo years from the | ||
| granteddate of grant | ||
| 30% of the optionsThree years from the | ||
| granteddate of the grant | ||
| 40% of the optionsFour years from the | ||
| granteddate of grant | ||
| 7. | Exercise period | Exercisable till the end of Five years from the |
| date of last vesting. |
You are requested to take the same on record.
Thanking You