Sudarshan Chemical Industries Limited has granted a total of 298,128 employee stock options under its Sudarshan Employee Stock Option Plan 2018 (ESOP Plan). The grant was approved by the Nomination and Remuneration Committee on November 6, 2026.
Breakdown of Grant:
- Grant II: 98,458 stock options at an exercise price of ₹2 per option (face value)
- Grant III: 199,670 stock options at an exercise price based on the latest available closing price prior to the grant date on the stock exchange with the highest trading volume
Each stock option is equal to one equity share of face value ₹2 each, totaling 298,128 potential equity shares.
Vesting Schedule:
- 25% of options vest each year
- 4-year vesting period starting 1 year from the grant date
- Options must be exercised within 3 years from vesting
Key Terms:
- The ESOP Plan is administered by the Nomination and Remuneration Committee
- No lock-in period on equity shares arising from exercise of options
- Shares will rank pari-passu with all other equity shares of the company
- The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Regulatory Compliance:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- The intimation has been uploaded to the company website at www.sudarshan.com
Additional Announcements:
No additional corporate updates were provided in this filing beyond the ESOP grant disclosure.