Date: September 01, 2026

Board Meeting Outcomes

  • The Nomination & Remuneration Committee approved the grant of 14,26,061 Performance Share Units (PSUs) to eligible employees on September 1, 2026.
  • The grant is made under the Syngene Long Term Incentive Performance Share Plan 2023.

ESOPs / Share Allotment

Grant Details:

  • Number of PSUs granted: 14,26,061
  • Type of instrument: Performance Share Units
  • Date of grant: September 1, 2026
  • Total number of shares covered: 14,26,061 equity shares
  • Pricing formula: Fair Value
  • Exercise price: ₹10 per PSU

Vesting Terms:

  • Vesting structure: Cliff vesting (0:0:100)
  • Vesting period: 3-year performance period
  • All awards vest following the end of the three-year performance period

Exercise Terms:

  • Exercise window: 5 years from the date of vesting
  • Conversion: 1 PSU entitles the employee to 1 equity share of the company upon payment of exercise price and applicable tax

Other Terms:

  • Options vested: Not applicable (NA)
  • Options exercised: NA
  • Money realized by exercise: NA
  • Total shares from exercised options: NA
  • Options lapsed: NA
  • Variation of terms: None
  • Subsequent changes or cancellation: None
  • Diluted earnings per share: NA