SUTLEJTEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sutlej Textiles and Industries Limited has announced the grant of 17 lakh (1.7 million) employee stock options under its ESOP 2026 scheme. The options have an exercise price of Rs. 36.73 per option, which is the weighted average market price of the company's shares on BSE. Each option entitles the holder to purchase one equity share of face value Rs. 1 each. The vesting schedule spans four years with 20% vesting in years 1 and 2, and 30% in years 3 and 4. Vested options must be exercised within one year of respective vesting dates. No options have been exercised or lapsed yet as this is an initial grant.
The ESOP grant could result in potential dilution of up to 1.7 million shares for existing shareholders if all options are exercised. This is a standard employee retention and incentive mechanism that aligns employee interests with shareholders.