Key Quantitative Figures

  • Total number of options granted: 50,000 (Fifty Thousand)
  • Each option is exercisable into one equity share of face value ₹1 each
  • Exercise price per option: ₹38.15
  • Vesting schedule: Year 1 - 20%, Year 2 - 20%, Year 3 - 30%, Year 4 - 30%

Parties Involved

  • Grant approved by: Nomination and Remuneration Committee (NRC) of the Company
  • Recipient: One eligible employee of the Company

Additional Details

  • Options exercised: Nil
  • Money realized by exercise of options: Nil
  • Total shares from exercised options: Nil
  • Options lapsed: Nil
  • Variation of terms: Not Applicable
  • Subsequent changes/cancellation: Not Applicable
  • Diluted EPS impact: Not provided in disclosure

Significant Terms

Options granted have a minimum vesting period of 1 year from date of grant and will vest according to the schedule specified in the Grant Letter. The exercise price of ₹38.15 represents the weighted average price of the company's equity shares on BSE Limited on the date of grant.

Availability

This intimation is available on the company's website at www.sutlejtextiles.com.