Sapphire Foods India Limited has informed the Exchange regarding Grant of Stock Options.
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Sapphire Foods India Limited has approved the grant of up to 4,89,950 stock options to eligible employees at an exercise price of Rs. 272 per share. The grant was approved by the Nomination and Remuneration Committee on 7th May 2025 under the 'Sapphire Foods Employee Stock Option Scheme 2022 – Scheme IIIA' and is read with the existing ESOP Plan 2017. The options will vest with employees as per the terms, conditions, and parameters set by the Committee. This is a routine employee compensation action disclosed under SEBI Listing Regulations.
This is a standard ESOP grant with no direct material impact on the stock price, though it will lead to minor dilution once options are exercised. It reflects the company's ongoing employee retention and incentive practices.