Susan Electricals India Ltd to Hold EGM for ESOP Plan Approval

Susan Electricals India Limited has announced an Extraordinary General Meeting (EGM) scheduled for September 3, 2026, at 3:00 PM IST. The meeting will be conducted via video conferencing and other audio-visual means. The primary agenda is to approve the 'Susan Electricals India Limited- Employees Stock Option Plan, 2026' (SEIL ESOP 2026). This plan allows for the creation, issuance, and grant of up to 2,04,000 employee stock options. These options, upon exercise, can be converted into equity shares of face value Rs. 10 each. The plan is designed to benefit employees, including whole-time directors, excluding promoters, promoter group, independent directors, and those holding over 10% equity. Provisions for adjustments in case of corporate actions like bonus issues or stock splits are included.