Key Quantitative Figures
The Nomination and Remuneration Committee approved the grant of 1,30,367 employee stock options ("Options") under the "Agro Tech Foods Limited Employees Stock Option Plan, 2024" ("ESOP Scheme 2024"). This represents a reduction of 24,000 options from the previously approved grant of 1,54,367 Options on 07th May 2026.
Dates of Action
The revised approval was granted by the Nomination and Remuneration Committee via resolution passed by circulation on 07th June 2026, superseding the earlier approval dated 07th May 2026.
Parties Involved
The Options are granted to eligible employees of Sundrop Brands Limited and its material subsidiary company, Del Monte Foods Private Limited. The approval was granted by the Nomination and Remuneration Committee of the Board of Directors.
Option Details
- Total Options Granted: 1,30,367
- Equivalent Shares: Equity shares of ₹10 each fully paid-up to be issued upon exercise of options
- Pricing Formula:
- Tenure-based grants: Exercise price of ₹636 per Option
- Performance-based grants: Exercise price of ₹515 per Option
Vesting and Exercise Conditions
- Options shall vest within the specified vesting period according to conditions set out in the grant letter
- Minimum vesting period of 1 year between grant and vesting of Options
- Vested Options must be exercised within 5 years from the date of vesting, or as decided by the NRC
- Equity shares arising from exercise will rank pari passu with existing equity shares
Financial Impact
Not quantified in the disclosure. The grant represents potential future equity dilution upon exercise of options.
Additional Information
The company's registered office is at 31, Sarojini Devi Road, Secunderabad-500003, Telangana, India. Corporate office is at Tower C, 15th Floor, Building No. 10, Phase-II, DLF Cyber City, Gurgaon-122002, Haryana.