SUVEN · price
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Suven Life Sciences Limited has announced Grant-III of 1,33,200 stock options to eligible employees under the SLSL ESOP 2020 scheme. The exercise price is Rs 55 per option, with each option convertible into 1 equity share of Rs 1 face value. The vesting schedule spans 3 years: 40% vests on May 13, 2027, 30% on May 13, 2028, and 30% on May 13, 2029. Employees will have up to 2 years from the date of vesting to exercise their options. No options have been exercised or lapsed as of yet. The grant complies with SEBI (SBEB) Regulations, 2021.
This is a routine corporate governance disclosure about employee stock option grants. It has no immediate impact on the stock price or financials but reflects the company's use of equity compensation to retain and motivate employees. No material shareholder-related implications from this announcement.