Swelect Energy Systems Limited — Board Meeting, 30-06-2025: Outcome of Board Meeting

Swelect Energy Systems has announced a board meeting on June 30, 2025, approving the SWELECT ESOP Scheme 2025. The scheme proposes to grant 3,03,175 stock options to eligible employees across the company, subsidiaries, and associates, subject to shareholder approval at the upcoming AGM. These options will be exercisable within three years of vesting, with the exercise price ranging between the face value and fair market value of the shares at grant. The scheme aims to incentivize and retain talent through fresh equity issuance.