SGMART · price
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SG Mart Ltd's Nomination and Remuneration Committee met on July 25, 2025, and approved the grant of 3,90,000 Employee Stock Options (ESOPs) to eligible employees under the Kintech Renewables Limited Employees Stock Option Scheme – 2023. Each option is convertible into one equity share of face value ₹1, with the exercise price set at ₹367.85 per option (based on market price). If all granted options are vested and exercised, 3,90,000 additional equity shares will be created. Vested options must be exercised within 1 year from the date of last vesting. The scheme complies with SEBI (SBEB & SE) Regulations, 2021.
This is a routine employee incentive allotment and will lead to mild equity dilution (up to 3.9 lakh shares) only if options are eventually exercised. No immediate impact on existing shareholders, though the exercise price of ₹367.85 gives a sense of the current market valuation reference.