Sula Vineyards Limited has informed the Exchange about exercise of options pursuant to ESOP scheme

Sula Vineyards has informed the stock exchange that employees have exercised stock options under the company's Employee Stock Option Plan (ESOP). This is a routine disclosure required when ESOP options are converted into actual shares. The exact number of options exercised or shares allotted has not been mentioned in the headline and would require checking the detailed filing. Such exercises typically result in a minor dilution of existing shareholder equity. This is a normal operational activity and not indicative of any strategic change in the company.