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 56,949 Performance Share Units (PSUs) to eligible employees on August 1, 2025, under its Long-Term Incentive Performance Share Plan 2023. The grant was approved by the Nomination & Remuneration Committee and is in compliance with SEBI (SBEBSE) Regulations, 2021. Each PSU entitles the employee to one equity share of the company upon payment of an exercise price of Rs. 10 per PSU. The plan follows a cliff vesting structure, meaning the full award vests only at the end of a three-year performance period, and employees have up to five years from the vesting date to exercise the units.
This is a routine employee incentive grant with a minor dilution impact of about 56,949 shares. Shareholders may note a slight potential dilution, but the size is small relative to Syngene's total share base, and the cliff-vesting tied to a three-year performance period aligns management interests with long-term shareholder value creation.