HCL Technologies Limited — Important, 16-01-2025: Updates

The Nomination and Remuneration Committee of HCL Technologies has granted a total of 3,64,475 Restricted Stock Units (RSUs) to 30 eligible employees under the RSU Plans for 2021 and 2024. Specifically, 3,14,798 RSUs were awarded under the RSU Plan 2021 and 49,677 RSUs under the RSU Plan 2024. Each RSU grants the holder one fully paid-up equity share of ₹ 2 each, constituting 0.013% of the company's paid-up equity.

The RSUs will vest based on specific performance or tenure criteria, with vesting periods extending to June 2028. Employees can exercise the vested RSUs within six months at an exercise price of ₹ 2 per RSU. Notably, there will be no dilution of earnings per share, as the RSUs will be sourced from shares acquired in the secondary market, not via issuance of new shares. Additionally, 2,609 previously approved RSUs have been cancelled.