Swelect Energy Systems Limited has informed the Exchange regarding 'The Board has approved the notice of 30th AGM of the Company to be held on 25th July 2025'.
SWELECTES · price
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The Board of Directors of Swelect Energy Systems, at a meeting held on June 30, 2025, approved the SWELECT ESOP Scheme 2025 for granting 3,03,175 employee stock options to eligible employees, including those of subsidiaries, associate companies, joint ventures, and group companies. The options will cover up to 2% of the company's paid-up equity capital as of March 31, 2025, with each option carrying the right to one equity share of Rs. 10 face value. The exercise price will be between the face value and the fair market value on the date of grant, and vested options can be exercised within three years. The scheme will involve fresh issuance of equity shares (no secondary acquisition) and is subject to shareholder approval. The Board also approved an addendum to the notice of the 30th AGM, scheduled for July 25, 2025, to seek shareholder approval for the ESOP scheme.
Existing shareholders may face minor equity dilution of up to 2% once options are exercised. The scheme is a positive signal for employee retention and aligns staff interests with shareholders, but the small size limits material impact on share price.