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Newgen Software Technologies Limited — Capital/Financing Update 2022
Mar 2, 2022
61831_rns_2022-03-02_2cf1c2f2-063d-4fb1-9831-1dbb2789244b.pdf
Capital/Financing Update
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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
Date: 02[nd] March 2022
| BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai – 400001 | National Stock Exchange of India LimitedExchange Plaza, Plot No. C/1, G Block,Bandra- Kurla ComplexBandra (E), Mumbai – 400051 |
|---|---|
| Ref.: Newgen Software Technologies Limited | Ref.: Newgen Software Technologies Limited |
| (NEWGEN/INE619B01017) | (NEWGEN/INE619B01017) |
| Scrip Code – 540900 |
Sub.: Grant of Restricted Stock Units under Newgen RSU Scheme – 2021
Dear Sir/ Ma'am,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that today i.e., 02[nd] March 2022 the Nomination & Remuneration Committee of the Company has approved the Grant of 1,73,500 (One Lakh Seventy-Three Thousand Five Hundred) Restricted Stock Units (“RSU”) under Newgen Software Technologies Restricted Stock Units Scheme – 2021 to its identified employees, as below:
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----- Start of picture text ----- S. No. Particulars Details1. Total number of RSUs granted 1,73,5002. Total number of shares covered by these 1,73,500RSUs3. Exercise Price Rs. 10/- each4. Vesting period Time Period % of RSUs to bevestedAt the end of 3 [rd] 50% of the RSUsyear from the grant GranteddateAt the end of 5 [th] year 50% of the RSUsfrom the grant date Granted*Vesting schedule is subject to the performancematrix as defined in the Scheme.5. Exercise period The overall exercise period shall be five (5) yearsfrom the date of last vesting.----- End of picture text -----
You are requested to take the same on record.
Thanking you. For Newgen Software Technologies Limited
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Aman Mourya Company Secretary