Sona BLW Precision Forgings Announces Employee Stock Option Grant and Share Allotment
Sona BLW Precision Forgings Limited reported key decisions made by its Nomination and Remuneration Committee (NRC) on June 16, 2026, regarding employee stock options under the Sona Employee Stock Option Plan 2023 (ESOP 2023), alongside the allotment of shares to employees who exercised vested options.The NRC granted 1,00,000 Employee Stock Options under the ESOP 2023. The exercise price for these options is set at the Fair Market Value as on June 16, 2026, which was INR 596.35 based on the closing price recorded on the NSE.
The details pertaining to the granted options are outlined below:
| Particulars | Details of Options Granted |
|---|---|
| Brief details of options granted | 1,00,000 Employee Stock Options granted to Eligible Employees under ESOP 2023. |
| Total number of shares covered by these options | 1,00,000 Equity shares (as each option converts into one equity share). |
| Pricing formula | Fair Market value on the grant date, INR 596.35. |
| Options vested schedule | Two tranches: June 16, 2027 (50,000 options) and June 16, 2028 (50,000 options). |
In addition to the option grant, the NRC approved the allotment of equity shares totaling 6,500 to eligible employees who exercised their vested Options under the ESOP Plan. These newly allotted equity shares will rank pari passu with all existing equity shares in every aspect, including dividend entitlement.
The allotment resulted in an increase in the issued and paid-up equity share capital of the company. Prior to the allotment, the company had 62,20,28,337 equity shares with a paid-up capital of Rs. 6,22,02,83,370. Following the allocation of 6,500 shares, the issued and paid-up equity share capital stands at 62,20,34,837 equity shares, valued at Rs. 6,22,03,48,370.
SONACOMS Stock Price Movement
Today, Sona BLW Precision Forgings Limited shed slightly, closing at ₹598.65 after the shares slipped 0.05%. The stock recorded a trading volume of 1,855,149 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.