Sapphire Foods India has informed that the Nomination and Remuneration Committee (Committee) of Sapphire Foods India (Company), today 9th February 2024 has approved grant of up to 25,000 (Twenty Five Thousand) Stock Options to the eligible employee(s) of the Company, in accordance with the terms of ‘Sapphire Foods Employee Stock Option Scheme 2022 – Scheme IIIA Management other than CEO’ (Scheme III A) read with Sapphire Foods Employee Stock Option Plan 2017 (ESOP Plan). The Committee has approved aforesaid grants to the eligible employees of the Company, at an exercise price of Rs 1,360 per share. The stock options shall vest with the eligible employees as per the terms of grant, based on conditions / parameters, as approved by the Committee.
The above information is a part of company’s filings submitted to BSE.
