Sundrop Brands Grants 130,367 Employee Stock Options Under ESOP Scheme 2024
Sundrop Brands Ltd (formerly Agro Tech Foods Limited) has approved the grant of 130,367 employee stock options under its Agro Tech Foods Limited Employees Stock Option Plan, 2024 (ESOP Scheme 2024). This approval was granted by the Nomination and Remuneration Committee (NRC) on June 7, 2026, superseding a prior resolution approved on May 7, 2026, which covered an initial grant of 154,367 options.The revised grant, formalized through a resolution passed by circulation, pertains to eligible employees of Sundrop Brands Limited and its material subsidiary, Del Monte Foods Private Limited. The NRC confirmed the updated grant of 130,367 options under the ESOP Scheme 2024.
Key details regarding the stock option grant were outlined in the subsequent documentation provided by the company.
Details regarding the granted options and their terms are presented below:
| Particulars | Details |
|---|---|
| Total Options Granted | 130,367 Options |
| Eligible Beneficiaries | Employees of Sundrop Brands Ltd and Del Monte Foods Private Limited |
| Share Equivalent Value | Equivalent number of equity shares valued at Rs. 10/- each fully paid up |
| Tenure-Based Exercise Price | INR 636 per Option |
| Performance-Based Exercise Price | INR 515 per Option |
Under the ESOP Scheme 2024, which is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, significant terms for the granted options include:
- Vesting Period: Options are subject to a specified vesting period determined by the grant letter.
- Grant Requirement: There is a minimum requirement of one year between the grant of the options and their vesting.
- Exercise Window: All vested options must be exercised within a five year period from the date of vesting, or an alternative period as decided by the NRC.
The terms for these options also stipulate that there is no lock-in on the equity shares arising upon the exercise of the options. The equity shares will rank pari passu with all other existing equity shares of the company upon allotment.
SUNDROP Stock Price Movement
Sundrop Brands Limited shares slipped by 0.25% to settle at ₹644.65 on Friday, reflecting a slight downturn for the Fast Moving Consumer Goods firm. The stock traded with a volume of 4,594 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.
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