ESOP2 Nov 2026, 01:13 pm
Suprajit Engineering Grants 7.38 Lakh Stock Appreciation Rights
AI Summary
Suprajit Engineering Ltd announced the grant of 7,38,718 Stock Appreciation Rights (SARs) under its SEL Employee Stock Appreciation Rights Plan 2017 (Grant 4). The SARs are granted in terms of SEBI (SBEB&SE) Regulations, 2021. The ESAR price is set at Rs. 473.95 per SAR. SARs will vest within 1 to 5 years from the grant date, subject to conditions, and can be exercised within 5 years from vesting. Unexercised SARs will lapse after the exercise period.
Key Highlights
- 7,38,718 SARs granted under the 2017 ESOP plan.
- ESAR price fixed at Rs. 473.95 per SAR.
- SARs vest between 1 to 5 years from grant date.
- Exercise window is 5 years from vesting date.
- Plan complies with SEBI (SBEB&SE) Regulations, 2021.
Price Impact
More from SUPRAJIT