ESOP Grant Details

The Nomination and Remuneration Committee approved the grant of 100,000 employee stock options under the Sona Employee Stock Option Plan 2023 (ESOP 2023) to eligible employees. The ESOP plan was originally approved by shareholders in the Annual General Meeting held on 19th July, 2023.

Key ESOP Terms:

  • Exercise price: ₹596.35 per share (yesterday's closing price on NSE as of grant date)
  • Total shares covered: 100,000 equity shares (each option convertible into one equity share)
  • Vesting schedule: Equal vesting over 2 years - 50,000 options on 16th June, 2027 and 50,000 options on 16th June, 2028
  • Exercise period: Maximum 3 years from each vesting date

Share Allotment Details

The Committee also approved the allotment of 6,500 equity shares of face value ₹10 each to eligible employees who exercised their vested options under the ESOP 2023 plan. These shares will rank pari passu with existing equity shares in all aspects, including dividend entitlement.

Capital Structure Impact

Consequent to the share allotment:

  • Pre-allotment share capital: ₹622,02,83,370 consisting of 62,20,28,337 equity shares
  • Post-allotment share capital: ₹622,03,48,370 consisting of 62,20,34,837 equity shares
  • Increase of 6,500 equity shares representing minimal dilution

Additional Information

The document was digitally signed by Arjun Singh, Compliance Officer, on 16th June, 2026 at 16:52:10 IST.