Sundrop Brands Limited has informed the Exchange regarding Forfeiture/Cancellation of 21000 Options.
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Sundrop Brands informed the exchanges about three decisions taken at the board meeting on February 12, 2026. First, the Nomination & Remuneration Committee cancelled 21,000 employee stock options granted on June 7, 2025 under the ESOP 2024 scheme; these options can be re-granted later. Second, the Board approved unaudited financial results for Q3 and nine months ended December 31, 2025 — standalone revenue was ₹232.59 crores (up from ₹207.88 cr in Q3 FY25) with a profit after tax of ₹5.98 crores, while consolidated revenue was ₹407.47 crores with a PAT of ₹8.06 crores. Consolidated nine-month revenue stood at ₹1,162.89 crores, boosted by the Del Monte Foods India (DMFPL) acquisition completed in February 2025. Third, Mr. Madhavan Karunakaran Menon, a Non-Executive Independent Director, was appointed as the new Board Chairperson effective April 1, 2026, replacing Mr. Harsha Raghavan. The limited review by B S R and Co. issued an unmodified report on the results.
The cancellation of 21,000 ESOPs is a minor administrative action with no material dilution impact. The Q3 results show steady standalone growth, while the consolidated numbers reflect the Del Monte acquisition contribution. The board leadership change signals a governance transition but is not expected to disrupt operations.