Key Quantitative Figures
The company granted 7,38,718 (Seven Lakh Thirty-Eight Thousand Seven Hundred Eighteen) SARs. This is identified as Grant 4 under the SEL Employee Stock Appreciation Rights Plan 2017. The exercise price for these SARs is ₹473.95 per SAR/share.
Dates of Action
The grant was approved on November 2, 2026, as per the letterhead date and the digital signature of the CFO & Company Secretary.
Parties or Entities Involved
The grant was approved by the company's Nomination & Remuneration Committee / Compensation Committee. The disclosure was signed by Medappa Gowda J, who holds the positions of CFO & Company Secretary. The plan is structured in terms of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
Significant Terms and Conditions
The SARs will vest after one year but within five years from the date of grant, subject to satisfaction of vesting conditions. Once vested, the SARs can be exercised within a five-year window. Any SARs not exercised within this exercise period shall lapse.
Financial and Capital Structure Impact
The disclosure states that the SARs are yet to be exercised, and therefore, there is no current dilution of earnings per share. The field for 'total number of shares covered by these SARs' is marked 'Not Applicable'.
#Tags: #SuprajitEngineering #SAR #ESOP #SEBIDisclosure #RegulatoryCompliance #Neutral