Zen Technologies Transfers ESOP Shares Without Changing Share Capital

Zen Technologies Limited ( (IN:ZENTEC) ) has shared an announcement.

Zen Technologies Limited has transferred 2,580 equity shares of face value ₹1 each to eligible employees pursuant to the exercise of options granted under its Employee Stock Option Plan 2021. The shares were moved from the Zen Technologies Employees Welfare Trust following completion of the relevant vesting periods and have been confirmed to rank pari passu with the existing equity shares.

The company emphasized that this ESOP-related transfer does not alter its total issued and paid-up share capital, which remains at 90,290,356 equity shares. The move underscores ongoing use of equity-based incentives to reward and retain employees, while assuring shareholders there is no immediate dilution or change in the company’s capital structure arising from this transaction.

More about Zen Technologies Limited

Zen Technologies Limited is an India-listed company whose equity shares trade on BSE and the National Stock Exchange of India. The Hyderabad-based firm operates under the symbol ZENTEC and maintains a paid-up share capital of 90,290,356 equity shares of ₹1 each, indicating an established presence in the Indian capital markets.

Average Trading Volume: 45,735

Technical Sentiment Signal: Hold

Current Market Cap: 115.4B INR

See more data about ZENTEC stock on TipRanks’ Stock Analysis page.