Sutlej Textiles and Industries Limited has informed the Exchange regarding 'Intimation of Grant of Stock Options under the Sutlej Textiles and Industries Limited - Employee Stock Option Scheme 2026 (ESOP 2026)'.
SUTLEJTEX · price
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Sutlej Textiles and Industries Limited has announced the grant of 17 lakh ESOP options to eligible employees and directors under the ESOP 2026 scheme. The exercise price is Rs. 36.73 per option, which is the weighted average price of the company's equity shares on BSE as of the grant date. 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 from the respective vesting date. No options have been exercised yet as this is an initial grant.
The ESOP grant aligns employee interests with shareholders but may cause modest share dilution if all 17 lakh options are eventually exercised. The exercise price of Rs. 36.73 sets a clear target for employees.