Syngene International Limited has informed the Exchange regarding 'Grant of Performance Share Units under Syngene Long-Term Incentive Performance Share Plan 2023 (Plan)'.
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Syngene International has granted 90,407 Performance Share Units (PSUs) to eligible employees on July 1, 2025, under its Long-Term Incentive Performance Share Plan 2023. The plan operates under SEBI (SBEBSE) Regulations, 2021, and the grant was approved by the Nomination & Remuneration Committee. Each PSU converts to one equity share at an exercise price of Rs. 10 per unit, with cliff vesting at the end of a three-year performance period (0:0:100 vesting schedule). Employees will have five years from the vesting date to exercise these units.
This is a routine employee incentive grant and represents a minor potential dilution of up to 90,407 equity shares. The vesting is performance-linked over three years, which aligns employee interests with long-term shareholder value creation. No immediate material impact on share price is expected.