Sunteck Realty's Nomination and Remuneration Committee Approves ESOP Grant of 12,500 Shares Under ESOS 2017 and ESOS 2022

Employee Stock Options Approved

Sunteck Realty Limited's Nomination and Remuneration Committee approved the grant of stock options to eligible employees under ESOS 2017 and ESOS 2022 on September 7, 2026. The approval covers 10,000 options under ESOS 2017 at an exercise price of Rs. 225, and 2,500 options under ESOS 2022 at Re. 1 per option.

Scheme Structure and Terms

The options are subject to specific vesting and exercise conditions. Options will not be exercisable earlier than one year from the grant date and must be exercised within five years from the grant date. Post-vesting, employees will have a period of 6 months to exercise their options, with an additional 6-month extension available from the immediate next vesting date, after which the options will lapse. The scheme is compliant with SEBI (SBEB & SE) Regulations, 2021.

Regulatory Framework

The approval falls under the purview of Regulation 30 of the SEBI Listing Regulations. The approved grant is part of two established Employee Stock Options Schemes: ESOS 2017 and ESOS 2022.

About the Company

Sunteck Realty Limited was incorporated in 1981 and is based in Mumbai, India. The company is a Mumbai-based real estate development company, catering to the ultra-luxury and luxury residential segment. It is engaged in designing, developing, and managing residential and commercial properties. The company focuses on a city-centric development portfolio of about 52.5 million square feet spread across 32 projects. It has differentiated its projects under six brands, including Signature: uber luxury residences, Signia: ultra luxury residences, Sunteck City & Sunteck Park: premium luxury residences, Sunteck Beach Residences: marquee luxury destination, Sunteck World: aspirational luxury residences, and commercial and retail developments.