Sundrop Brands Limited — Others, 09-07-2025: ESOP/ESOS/ESPS
09-07-2025 | 11:03 pm
09-07-2025 | 11:03 pm
Sundrop Brands has announced a board meeting to approve the financial results for the quarter and half-year. The Nomination and Remuneration Committee has granted 1,96,253 employee stock options under the ESOP Scheme 2024 to eligible employees, with exercise prices set at INR 515 and INR 809 depending on performance criteria. Additionally, 97,346 previously granted options were cancelled and will be reissued. Options will vest after a minimum one-year period, with a five-year exercise window post-vesting. Shares issued on exercise will have equal rights with existing equity shares. This move supports employee retention and aligns interests with shareholders.
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