Sundrop Brands Limited has informed the Exchange regarding Grant of 196253 Options.
SUNDROP · price
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Awaiting price reaction for this filing.
Sundrop Brands Limited, on 9th July 2025, announced the grant of 1,96,253 employee stock options to eligible employees under its ESOP Scheme 2024. These options are divided into two categories: 30% are time-based with an exercise price of INR 809 per option, and 70% are performance-based at INR 515 per option. The Group Managing Director's options are all priced at INR 515. Separately, the company cancelled 97,346 options that were previously granted on 7th June 2025, which will now become available for re-grant. The net effect is an addition of approximately 98,907 new options. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and vested options must be exercised within 5 years of vesting.
This is a routine ESOP grant with mild potential dilution if all options are eventually exercised (up to ~1.96 lakh shares at face value of INR 10). The cancellation and re-grant suggests active management of the employee incentive pool, which is neutral to mildly positive for shareholders as it shows alignment of employee compensation with company performance via the performance-based pricing structure.