Sundrop Brands Limited has informed the Exchange regarding Grant of 1,30,367 Options under Agro Tech Foods Limited Employees Stock Option Plan, 2024 as approved by the Nomination and Remuneration Committee by way of resolution passed by circulation today on June 07, 2026 , in supersession of its earlier approval accorded for grant of 1,54,367 Option accorded on May 07, 2026.
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Sundrop Brands Limited has granted 1,30,367 stock options to employees under the Agro Tech Foods Limited Employees Stock Option Plan, 2024. The grant was approved by the Nomination and Remuneration Committee via a circular resolution on June 07, 2026. This new grant supersedes the earlier approval of 1,54,367 options that was accorded on May 07, 2026, effectively reducing the number of options granted by 24,000.
This is a routine ESOP grant and signals employee incentivisation. The marginal reduction in the number of options compared to the earlier approval may slightly ease potential future dilution, but the overall impact on shareholders is minimal.