Sona Comstar committee approves employee stock options grant

The Nomination and Remuneration Committee of Sona BLW Precision Forgings Ltd. (Sona Comstar) approved the grant of 630,000 employee stock options on October 27, 2025, under the Sona Employee Stock Option Plan 2023 (ESOP 2023). These options were granted to eligible employees at a fair market value of INR 478.70 per option, which also represents the exercise price as of the grant date. The ESOP 2023 was previously approved by shareholders during the Annual General Meeting held on July 19, 2023.

Each option granted will convert into one equity share of the company, with a face value of INR 10 each, totaling 630,000 equity shares. The options will vest equally over four years from the grant date, with the first vesting on October 27, 2026, and subsequent vestings on October 27, 2027, October 27, 2028, and October 27, 2029. The exercise period for these options is set for a maximum of three years from their respective vesting dates.

This stock option grant is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Share Based Employee Benefits) Regulations, 2021. The details of the ESOP 2023 are accessible on the company’s website, providing transparency regarding the scheme’s terms and conditions.