SEDEMAC Mechatronics Limited has intimated the stock exchanges regarding the grant of Employee Stock Options (ESOPs) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
- Number of ESOPs granted: 82,400 (Eighty-Two Thousand Four Hundred)
- Exercise price per ESOP: ₹2,700 (Two Thousand Seven Hundred)
- Face value of underlying equity share: ₹10 each
- Each stock option is convertible into one fully paid-up equity share
Parties Involved
- Approving authority: Nomination and Remuneration Committee of the Board of Directors
- Recipients: Eligible employees of the company
- Regulatory references: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Vesting Schedule
The stock options vest based on time over a three-year period:
- At the end of first year from grant date: 1/3rd of total granted options
- At the end of second year from grant date: 1/3rd of total granted options
- At the end of third year from grant date: 1/3rd of total granted options
Significant Terms
The ESOP Scheme is administered by the Nomination and Remuneration Committee and is compliant with SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021. The scheme includes provisions for handling options in cases of death, permanent incapacity, resignation, and termination.
Additional Information
- Options exercised: Not applicable (disclosure pertains to grant only)
- Money realized by exercise: Not applicable
- Options lapsed: Not applicable
- Variation in terms: Not applicable
- Subsequent changes: Not applicable
- Diluted EPS impact: Not applicable
Compliance Officer
The disclosure was signed by Prasad Rajendra Chavan, Company Secretary and Compliance Officer (Membership No.: A49921).