Synergy Green Industries corrects employee stock option grant

Synergy Green Industries Limited (SGIL) announced a correction to its Employee Stock Option Plan 2025 (ESOP 2025) on September 4, 2025. The company stated that an inadvertent typographical error in its earlier intimation, dated August 21, 2025, led to the incorrect reporting of stock options granted. The initially reported figure of 22,080 stock options has been corrected to 22,980 stock options.

The 22,980 options were granted by the Nomination and Remuneration Committee (NRC) to eligible employees of Sheela Foam Limited under SGIL’s ESOP 2025. The exercise price for these options is set at Rs.70 per equity share, with vesting occurring over three years: 33.33% on the 1st, 2nd, and 3rd anniversaries from the date of grant. The exercise period will commence after vesting and expire one year from the respective vesting date, or as otherwise determined by the committee.

The ESOP 2025, approved on April 22, 2025, allows for the issuance of up to 0.5% of the paid-up equity share capital, not exceeding 77,715 equity shares of face value of Rs. 10 each. Each option confers the right to apply for one equity share. The revised intimation and disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been uploaded to the company's website.