S&S Power Switchgears Limited has informed the Exchange regarding 'update'.
S&SPOWER · price
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S&S Power Switchgears Limited has disclosed an update on employee stock options granted under the 'S & S Power Switchgear – Employee Stock Option Scheme 2024'. The company granted 6,62,801 options in Tranche 1 and 2,26,000 options in Tranche 2, totaling 8,88,801 stock options to eligible employees. Each option is exercisable into one fully paid-up equity share of face value Rs. 10 at an exercise price of INR 180 per option. The exercise period for vested options is a maximum of 4 years from the date of vesting. No options have been exercised, vested, or lapsed yet as this stage is still preliminary. The scheme is in compliance with SEBI (SBEB) Regulations, 2021.
Potential equity dilution of up to 8,88,801 shares if all options are exercised at INR 180 each. This is a routine ESOP disclosure aligning employee and shareholder interests, with limited immediate shareholder impact since no options have been exercised yet.