Shree Refrigerations Approves ESOP 2026, Regularizes Whole-Time Director
Shree Refrigerations Limited's Board of Directors met on July 18, 2026, approving the introduction of the Employees Stock Option Scheme 2026 (ESOP 2026). This scheme allows for the grant of up to 10,00,000 equity shares, representing 2.79% of the company's equity share capital, subject to shareholder approval at the upcoming AGM. The board also approved the grant of stock options to employees and directors of its subsidiaries under ESOP 2026. Additionally, Ms. Rucha Ravalnath Shende was regularized as a Whole-Time Director for a period of three years, commencing February 23, 2026, also pending shareholder approval. The meeting also confirmed Ms. Shende is not debarred from holding a director position.
Key Highlights
- Shree Refrigerations introduces ESOP 2026, pending shareholder approval.
- Up to 10,00,000 equity shares can be granted under the ESOP.
- ESOP 2026 includes options for subsidiary employees and directors.
- Ms. Rucha Ravalnath Shende regularized as Whole-Time Director for 3 years.
- Shareholder approval is required for both ESOP and director regularization.
Price Impact
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