Sundrop Brands Limited has informed the Exchange regarding Forfeiture of 32000 Options.
SUNDROP · price
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Sundrop Brands Limited held its Nomination and Remuneration Committee meeting on May 7, 2026, approving the grant of 1,54,367 employee stock options (ESOPs) to eligible employees of the Company and its material subsidiary, Del Monte Foods Private Limited, under the ESOP Scheme 2024. The exercise prices are Rs 636 per option for tenure-based grants and Rs 515 per option for performance-based grants. The NRC also approved the forfeiture of 32,000 ESOPs that were granted earlier on June 7, 2025. Separately, the Board of Directors approved the audited financial results for Q4 and the financial year ended March 31, 2026. Standalone revenue from operations grew to Rs 882.17 crore in FY2026 from Rs 792.95 crore in FY2025, while consolidated revenue increased to Rs 1,552.25 crore from Rs 901.19 crore. Standalone PAT for FY2026 stood at Rs 20.88 crore. The Company reported an unmodified (clean) audit opinion from its statutory auditors BSR and Co. The results note that Del Monte acquisition (completed February 6, 2025) makes year-on-year consolidated comparisons non-comparable.
The ESOP activities reflect standard employee retention mechanisms. The strong revenue growth (11.2% standalone, 72.2% consolidated) driven by the Del Monte acquisition is positive for shareholders, though the acquisition distorts year-on-year comparisons. The clean audit opinion adds credibility to the financial reporting.