Syrma SGS Technology Limited has announced the approval of a grant of 4,42,486 stock options to its employees under the Syrma SGS Technology Limited – Employee Stock Option Plan 2023 (ESOP Plan 2023). The grant was approved by the Nomination and Remuneration Committee at its meeting held on October 30, 2026. These options represent potential future equity and are managed through the Syrma SGS Employee Welfare Trust.
Syrma SGS Technology Approves ESOP Grant
Syrma SGS Technology Limited has officially announced the approval of a substantial grant of employee stock options. At a meeting held on October 30, 2026, the company’s Nomination and Remuneration Committee sanctioned the grant of 4,42,486 stock options. These options are part of the company’s existing Syrma SGS Technology Limited – Employee Stock Option Plan 2023, also referred to as the ESOP Plan 2023.
Details of the Stock Option Grant
The approved stock options are to be issued through the Syrma SGS Employee Welfare Trust. Each option, upon exercise, will entitle the holder to one equity share of the company with a face value of ₹10. The grant has been priced at the market price, as defined by SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021, and the ESOP Plan 2023.
Vesting Schedule for Options
The vesting of these options will occur over a period of time, subject to performance criteria outlined in the ESOP Plan 2023. A portion of the options, specifically 351,431 units, will vest in stages:
- 20% on the 1st anniversary from the grant date.
- 20% on the 2nd anniversary from the grant date.
- 20% on the 3rd anniversary from the grant date.
- 20% on the 4th anniversary from the grant date.
- 20% on the 5th anniversary from the grant date.
Additionally, 91,055 units of the granted options will have a different vesting schedule:
- 30% on the 1st anniversary from the grant date.
- 30% on the 2nd anniversary from the grant date.
- 40% on the 3rd anniversary from the grant date.
The exercise period for these options is a maximum of 3 years from the date of vesting.
Impact on Equity
The total number of equity shares covered by these options amounts to 4,42,486, each with a face value of ₹10. The company has indicated that these granted options are deemed to be fully vested and exercised for reporting purposes.
Source: BSE
