Swelect Energy Systems Limited — Others, 30-06-2025: Options to purchase securities

Swelect Energy Systems Limited has announced a board meeting approving the SWELECT ESOP Scheme 2025, proposing to grant 3,03,175 stock options (about 2% of paid-up capital) to eligible employees across the company and subsidiaries. The scheme involves issuing new equity shares with exercise prices set between face value and fair market value at grant date. The Nomination and Remuneration Committee will administer the scheme, with options exercisable within three years of vesting. Shareholder approval will be sought at the upcoming Annual General Meeting. This move aims to enhance employee retention and align interests with shareholders.