Sundrop Brands Limited has informed the Exchange regarding Grant of 1381504 Options.
SUNDROP · price
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Sundrop Brands Limited (formerly Agro Tech Foods Limited) announced the grant of 13,81,504 employee stock options on June 7, 2025, under its 'Agro Tech Foods Limited Employees Stock Option Plan, 2024'. The options have been given to eligible employees of the company and its subsidiary Del Monte Foods Private Limited. The exercise price is ₹809 for 30% of options (time-based) and ₹515 for 70% of options (performance-based); the Group Managing Director receives all options at ₹515. The scheme is fully compliant with SEBI (SBEB) Regulations, 2021, with a minimum one-year gap between grant and vesting and a five-year exercise window post-vesting. There is no lock-in on shares arising from exercising these options.
This is a routine ESOP grant that aligns employee interests with shareholders. The dilution from these 13.81 lakh potential shares will be marginal, and the exercise prices (₹515–₹809) suggest options are granted at or near current market levels, meaning limited value transfer to employees at grant itself.