DBT Bureau
Pune, 10 Nov 2024
TAC Infosec Limited , a cybersecurity company, reported that the Nomination and Remuneration Committee has approved the grant of 56,400 equity stock options under the ‘TAC Employee Stock Option Scheme-2024’ (‘ESOP 2024’) to eligible employees of the company. This initiative underscores TAC Infosec’s commitment to rewarding and incentivizing its employees, fostering a culture of ownership and dedication.
Key Details of the Grant:
- Number of Options Granted: 56,400 equity stock options of face value Rs 10 each.
- Grant Price: Rs 10 per option.
- Vesting Period: The minimum vesting period will be one year, with a maximum vesting period of five years from the date of grant, as detailed in the grant letter.
- Exercise Period: Options may be exercised within 30 days from the vesting date.
- The ‘TAC Employee Stock Option Scheme-2024’ aligns with the SEBI (Share Based Employee Benefits) Regulations, 2021, and was duly approved by the company’s shareholders.
Trishneet Arora, Chairman, Executive Director, and CEO of TAC Infosec Limited, commented, “Our people are at the heart of TAC Infosec’s success, and this ESOP scheme is a testament to our dedication to their growth and recognition. By empowering our team with ownership, we aim to reinforce their commitment and drive continued excellence in our operations.”
The grant of these stock options is part of TAC Infosec’s strategy to attract and retain top talent, ensuring that employees share in the company’s long-term growth and success.
