Sterling and Wilson Renewable Energy Limited has informed the Exchange about the ESOP Plan II 2025
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The Board of Directors of Sterling and Wilson Renewable Energy, at its meeting on April 24, 2025, 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 (approximately 18.99 lakh) stock options, with each option exercisable into one equity share of face value Re. 1. No options have been granted yet — the plan is simply being set up. The exercise price will be decided by the Nomination and Remuneration Committee at the time of each grant, capped at the market price on the grant date and not less than face value. Vested options can be exercised over a maximum period of 4 years from each vesting date. The plan is structured in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee compensation announcement with a relatively small dilution pool (under 19 lakh shares). Short-term impact on share price is minimal, but once shareholder approval is obtained and grants are made, it could lead to mild dilution for existing shareholders. Shareholders should watch for the AGM notice for further details on vesting conditions and eligibility.