Sutlej Textiles and Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 12, 2026 for approving Employee Stock Option Scheme 2026 (ESOP 2026).
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On March 12, 2026, the board of Sutlej Textiles and Industries approved a new Employee Stock Option Scheme called ESOP 2026, subject to shareholder approval. The scheme allows the company to grant up to 33,43,380 stock options to eligible employees and directors, which can be converted into an equal number of equity shares of Re. 1 face value. No options are being granted right now — the board has only approved the framework of the scheme. The exercise price will be decided later by the Nomination and Remuneration Committee, options will vest between 1 to 4 years from the grant date, and the exercise window is up to 3 years from vesting. The scheme is being set up under SEBI's Share Based Employee Benefits Regulations, 2021.
This is a routine employee compensation plan approval and not a reward for existing shareholders. It introduces a potential dilution of up to 33,43,380 shares (roughly the size will depend on current share count) if all options are eventually granted and exercised. Existing shareholders should watch for the shareholder approval process and any future grants under this scheme, as they may slightly reduce their ownership percentage over time.