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ESOP13 Oct 2026, 05:40 pm

Sedemac Mechatronics Grants 82,400 ESOPs

AI Summary

Sedemac Mechatronics Limited announced the grant of 82,400 Employee Stock Options (ESOPs) under its SEDEMAC Mechatronics Employee Stock Option Scheme - 2025. The grant was approved by the Nomination and Remuneration Committee on October 13, 2026. Each option is convertible into one equity share with a face value of INR 10. The exercise price is set at INR 2,700 per ESOP. Options will vest over three years, with one-third vesting at the end of each year from the grant date. This move aims to incentivize and retain eligible employees.

Key Highlights

  • 82,400 ESOPs granted to eligible employees.
  • Exercise price set at INR 2,700 per option.
  • Options vest over a three-year period.
  • Scheme complies with SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.