Sakuma Exports shareholders approve employee performance share plan

Sakuma Exports Limited announced shareholder approval for its Performance Share Plan Scheme 2025 ("SEL PSP 2025") at the annual general meeting. The plan allows for the grant of up to 15,000,000 stock options, each convertible into one equity share of Re. 1/-.

Options granted under the scheme will vest within three years from the grant date, with the exercise price set at the face value of equity shares or a higher value determined by the committee. Eligibility for the scheme, which covers employees and directors (excluding independent directors and promoters), will be decided by the committee based on grades and levels.

The SEL PSP 2025 involves the issuance of new equity shares by the company, and it will not be implemented through a trust structure. This approval marks a key step in Sakuma Exports' strategy for employee retention and incentivization.