Date: October 30, 2026

ESOP Grant Details

Grant Approval

  • The Nomination and Remuneration Committee approved the grant of 4,42,486 stock options under Syrma SGS Employee Stock Option Plan 2023
  • Grant was made through Syrma SGS Employee Welfare Trust
  • Approval date: October 30, 2026

Option Details

  • Total options granted: 4,42,486
  • Each option entitles holder to one equity share of ₹10 face value
  • Pricing formula: Market price as defined in SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021 and ESOP Plan 2023
  • Exercise period: Maximum 3 years from the date of vesting of options

Vesting Schedule

Two different vesting schedules apply:

For 351,431 options:

  • 20% vest on 1st anniversary from date of grant
  • 30% vest on 2nd anniversary from date of grant
  • 20% vest on 3rd anniversary from date of grant
  • 20% vest on 4th anniversary from date of grant
  • 20% vest on 5th anniversary from date of grant

For 91,055 options:

  • 20% vest on 1st anniversary from date of grant
  • 30% vest on 2nd anniversary from date of grant
  • 40% vest on 3rd anniversary from date of grant

Additional Information

  • Options vested: Subject to terms and performance criteria specified in ESOP Plan 2023
  • Options exercised: Not specified
  • Money realized by exercise of options: Not applicable as of now
  • Total shares arising from exercise: 4,42,486 equity shares of ₹10 face value each (if all granted options vest and exercise fully)
  • Options lapsed: Not specified
  • Variation in terms of options: Not specified
  • Subsequent changes or cancellation: Not applicable as of now