ESOP7 Jun 2026, 02:30 pm
Sundrop Brands Ltd Grants 1,30,367 ESOP Options
AI Summary
Sundrop Brands Limited (formerly Agro Tech Foods Limited) announced that its Nomination and Remuneration Committee (NRC) has approved the grant of 1,30,367 stock options under the "Agro Tech Foods Limited Employees Stock Option Plan, 2024" (ESOP Scheme 2024). This revised grant supersedes a previous approval for 1,54,367 options granted on May 7, 2026. The options are granted to eligible employees of the company and its material subsidiary, Del Monte Foods Private Limited. The exercise price varies based on grant type, with tenure-based grants at INR 636 and performance-based grants at INR 515. Vesting and exercise periods are detailed as per the scheme regulations.
Key Highlights
- 1,30,367 ESOP options granted under the ESOP Scheme 2024.
- Revised grant supersedes previous approval of 1,54,367 options.
- Options granted to employees of Sundrop Brands and Del Monte Foods.
- Exercise prices set at INR 636 (tenure-based) and INR 515 (performance-based).
Price Impact
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