Sundrop Brands Limited has informed the Exchange regarding Forfeiture/Cancellation of 97346 Options.
SUNDROP · price
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Sundrop Brands Limited informed exchanges on July 9, 2025 that its Nomination and Remuneration Committee approved the grant of 1,96,253 employee stock options to eligible employees under the Agro Tech Foods Limited Employees Stock Option Plan, 2024. Separately, 97,346 options granted earlier on June 7, 2025 were cancelled and will be made available for re-grant. The exercise price is INR 809 for 30% of options (time-based) and INR 515 for the remaining 70% (performance-based), with a minimum one-year gap between grant and vesting and a five-year exercise window. The scheme is compliant with SEBI (SBEB) Regulations, 2021, and shares issued upon exercise will carry no lock-in.
This is a routine ESOP administrative update with limited net new dilution of roughly 98,907 options. No material impact on existing shareholders or share price is expected.