Motherson Sumi Wiring India board approves employee stock option scheme

Motherson Sumi Wiring India Limited's board of directors approved the "Motherson Sumi Wiring India Limited-Employee Stock Option Scheme 2025" ("ESOP 2025" or "Scheme") during a meeting held on Friday, December 19, 2025. The scheme, which includes the formulation, adoption, and implementation of the ESOP through an irrevocable employee welfare trust, is subject to shareholder approval. The decision followed recommendations from the nomination and remuneration committee.

The ESOP 2025 proposes to grant 15,500,000 employee stock options ("Options") to eligible employees, exercisable into not more than 15,500,000 equity shares with a face value of ₹ 1/- each. The exercise price per option will be the market price of the shares on the date of grant, not less than the face value. The vesting period for options will be between one and five years from the grant date, with an exercise period of a maximum of three years from each vesting.

The scheme aligns with the provisions of Section 62(1)(b) of the Companies Act, 2013, and the Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The board meeting commenced at 10:30 hours and concluded at 11:27 hours.