HCL Technologies Limited — Important, 13-12-2024: Updates

The Nomination and Remuneration Committee has granted 21,219 Restricted Stock Units (RSUs) to six eligible employees under the RSU Plan 2021. Each RSU corresponds to one fully paid-up equity share of ₹2 each, amounting to a minimal dilution of 0.001% of the paid-up equity capital. The vesting schedule comprises 2,837 RSUs vesting on January 1, 2026, and 18,382 RSUs vesting on June 30, 2027. Eligible employees are required to exercise the vested RSUs within six months post-vesting, at an exercise price of ₹2 per RSU. Importantly, no new shares will be issued to the trust or employees under this plan, eliminating any dilutive impact on earnings per share. Additionally, 2,95,105 RSUs from this plan and 1,550 RSUs from a newly initiated plan were canceled. This initiative fortifies employee retention and aligns their interests with the company’s long-term performance.