Please see the Annexed Enclosure
SETL · price
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Standard Engineering Technology Limited has announced the grant of 6,00,000 (Six Lakhs) Employee Stock Options (ESOPs) to eligible employees of the Company and its Subsidiaries under the Employee Stock Option Scheme 2024 (ESOP 2024). The options were granted at an exercise price set at a discount of not more than 25% on the latest available closing price on NSE as on May 13, 2026. The options will vest as per the vesting schedule determined by the Nomination and Remuneration Committee (NRC), and once vested, can be exercised within 5 years from the date of vesting. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The grant is within the shareholder-approved limit of 18,16,345 options.
The ESOP grant aligns employee interests with shareholders and can help retain talent, but will result in potential share dilution when options are exercised in the future. No immediate impact on stock price expected as no shares are being issued at this stage.