Syngene grants over 526,000 performance share units to employees

Syngene International Limited has granted 526,615 Performance Share Units (PSUs) to eligible employees on September 1, 2025, under its Syngene Long-Term Incentive Performance Share Plan 2023. This action, approved by the nomination & remuneration committee, aligns with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The granted PSUs cover 526,615 equity shares and operate under a cliff vesting model. All awarded units will be eligible to vest after a three-year performance period. Each vested PSU entitles the employee to one equity share of the company upon payment of an exercise price of Rs. 10 per PSU, along with applicable taxes.

The vesting period for exercising these options is five years from the vesting date. This initiative is designed to incentivize employees and is in compliance with the SEBI (Share-Based Employee Benefits and Sweat Equity) Regulations, 2021.