Please find enclosed the disclosure on the captioned subject under Regulation 30 of the SEBI Listing Regulations
Awaiting price reaction for this filing.
The Board of Directors of Sterling and Wilson Renewable Energy has approved a new Employee Stock Option Plan called 'ESOP Plan II 2025', subject to shareholder approval at the upcoming 8th Annual General Meeting. The plan creates a pool of 18,98,815 stock options, with each option convertible into one equity share of face value Re. 1. The exercise price will be determined by the Nomination and Remuneration Committee at the time of grant, capped at the market price on the grant date and not less than the face value. Vested options must be exercised within a maximum of 4 years from the date of vesting. No options have been granted yet, and the plan is compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee incentive plan that could lead to minor future share dilution of up to about 18.99 lakh shares once options are granted and exercised. The plan is subject to shareholder approval, so retail investors will have a say at the AGM. Near-term impact on share price is expected to be limited.