Sundrop Brands Limited (SUNDROP) — Board Meeting

📢 Key Event
NRC revises ESOP grant to 1,30,367 options, superseding May 2026 approval.

🔄 What Changed
Reduced approved options from 1,54,367 to 1,30,367; updated exercise prices (INR 636 and INR 515); superseded prior resolution.

💡 Investor Takeaway
The reduction in options may limit future dilution but does not signal immediate financial impact.

Sundrop Brands Limited updated its employee stock option grant on 07 June 2026, reducing approved options from 1,54,367 to 1,30,367 under the ESOP Scheme 2024, superseding the May 2026 approval. The grant targets eligible employees and its subsidiary Del Monte Foods Private Limited, with exercise prices set at INR 636 for tenure-based and INR 515 for performance-based options. The filing confirms compliance with SEBI regulations and outlines vesting and exercise terms.

📄 View Original Announcement (PDF)

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