SWELECT Energy Systems Grants 2.84 Lakh ESOPs at ₹600 Exercise Price
SWELECT Energy Systems Limited has granted 2,84,700 employee stock options under its SWELECT Employees Stock Option Scheme 2025. The options, priced at ₹600 each, were approved on December 24, 2025. The scheme follows a five-year vesting schedule, with 20% vesting each year. Employees have up to three years from vesting to exercise options. The company received approvals from NSE and BSE for listing up to 3,03,175 equity shares under the scheme.
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SWELECT Energy Systems Limited has granted 2,84,700 employee stock options under its SWELECT Employees Stock Option Scheme 2025 to eligible employees. The Compensation Committee of the company approved this grant at their meeting held on December 24, 2025.
ESOP Grant Details
| Parameter | Details |
|---|---|
| Total ESOPs Granted | 2,84,700 options |
| Exercise Price | ₹600.00 per option |
| Face Value per Share | ₹10.00 |
| Grant Date | December 24, 2025 |
| Scheme Name | SWELECT Employees Stock Option Scheme 2025 |
Vesting Schedule and Exercise Terms
The granted options follow a five-year vesting schedule:
| Vesting Period | Percentage Vested |
|---|---|
| End of Year 1 | 20% |
| End of Year 2 | 20% |
| End of Year 3 | 20% |
| End of Year 4 | 20% |
| End of Year 5 | 20% |
Employees can exercise their vested options during the exercise window, subject to a maximum period of three years from the date of vesting. The exercise period for cessation of employment follows provisions specified in the scheme.
Regulatory Approvals
The company received in-principle approvals from both NSE and BSE for listing up to 3,03,175 equity shares under the scheme on December 12, 2025.
| Exchange | Reference Number | Approved Shares |
|---|---|---|
| NSE | NSE/LIST/51716 | 3,03,175 equity shares |
| BSE | DCS/ESOP/IP/AK/3958/2025-26 | 3,03,175 equity shares |
Compliance and Documentation
The scheme operates in compliance with SEBI (Share Based Employee Benefits) Regulations, 2021. The company has notified stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Each ESOP, when exercised, will be converted into one equity share of the company with a face value of ₹10.00, fully paid-up. The company will provide further intimations to stock exchanges regarding option exercises, money realized, shares arising from exercises, and any lapsed options as they occur.
Scheme Flexibility
The SWELECT ESOP Scheme 2025 includes provisions for modifications, allowing the company to vary scheme terms through special resolution for options not yet exercised, provided such variations do not prejudice option grantees' interests.
Historical Stock Returns for SWELECT Energy Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | -2.79% | -8.43% | +1.65% | -38.16% | +178.72% |
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