Sai Life Sciences Limited — Others, 15-05-2025: Shareholders meeting

Sai Life Sciences has announced a postal ballot seeking shareholder approval to continue and amend its ESOP Scheme 2008 and Management ESOP Scheme 2018, enabling the grant of 60.99 lakh and 79.45 lakh stock options respectively to employees and subsidiaries. These schemes aim to boost employee retention with vesting and exercise periods spanning five years each. The company manages the ESOPs directly using the fair value method. It also plans to appoint Dr. Dinesh V Patel as Independent Director and Mr. Sivaramakrishnan Chittor as Whole-Time Director & CFO, with his monthly salary starting at INR 17.12 lakh. Both appointments await shareholder approval.