Virinchi Limited — Board Meeting, 21-11-2024: Outcome of Board Meeting

The Board of Directors has approved the Virinchi Employees Stock Option Scheme, 2024 (VESOS, 2024), allowing for the grant of up to 1 Cr stock options to eligible Directors and Employees, pending shareholder approval via postal ballot. The exercise price will be determined by the Nomination & Remuneration Committee in line with applicable regulations. Options will vest after a minimum of one year, with a maximum vesting period of five years from the grant date. This decision may enhance employee engagement and retention, positively impacting long-term strategic growth.