Corporate News
Turtlemint Fintech Solutions has modified its Employee Stock Option Plan (ESOP) scheme to align with recent regulatory updates, most notably SEBI circular no. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Key changes include the removal of standardized form templates and revisions to nominee provisions, streamlining the option granting process for the Nomination and Remuneration Committee. The company has also eliminated a previous requirement for shareholder approval when granting options to employees of group companies and introduced a new clause mandating that tax obligations be satisfied before share allotment. The ESOP scheme currently allows for a maximum of 1,21,93,045 options, with a vesting period of at least four years from the date of listing.