Sutlej textiles & industries Limited's Board of Directors has approved the "Sutlej Textiles and Industries Limited - Employee Stock Option Scheme 2026" (ESOP 2026) during their meeting held on March 12, 2026. The approval came based on recommendations from the Nomination and Remuneration Committee and is subject to shareholder approval under SEBI regulations.

Board Meeting Outcome

The board meeting commenced at 4:00 p.m. and concluded at approximately 4:16 p.m. on Thursday, March 12, 2026. The company has notified both BSE and NSE about the outcome in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP 2026 Scheme Details

The approved scheme provides authority to grant up to 33,43,380 stock options to eligible employees and directors. These options will be exercisable into an equal number of equity shares with a face value of Re. 1 each, fully paid-up. The Nomination and Remuneration Committee will determine the grant recipients in one or more tranches over time.

Regulatory Framework and Next Steps

The ESOP 2026 has been structured in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price for options will be determined by the Nomination and Remuneration Committee and communicated through individual grant letters to eligible employees and directors.

The scheme requires mandatory approval from company shareholders before implementation. Options granted under the scheme will vest not earlier than one year from the grant date, except in cases of death or permanent incapacity, and not later than four years from the grant date.

Corporate Communication

The formal communication was signed by Manoj Contractor, Company Secretary and Compliance Officer, and digitally authenticated on March 12, 2026. The company maintains its status as a Government Recognised Four Star Export House and has provided comprehensive details as required under Regulation 30 and Schedule III of SEBI Listing Regulations.

Sutlej textiles & industries Limited has announced a key senior management appointment, bringing in an experienced professional to lead its protective clothing business segment. The company has appointed Shri Narinder Thapa as Chief Business Officer - Protech Business, effective 25th February, 2026.

Appointment Details

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Thapa joins the company as a full-time employee in the category of Senior Management Personnel.

Professional Background

Shri Narinder Thapa brings extensive industry experience to his new role, with over 30 years of diverse experience across multiple business functions. His expertise encompasses several critical areas that align with the company's protective clothing business requirements.

Key Areas of Expertise

Thapa's professional background includes comprehensive experience in:

• Marketing strategies for protective garments
• Operations management and profit and loss management
• Collaborative team management
• Product life cycle management
• Compliance standards for protective clothing
• Long term strategic planning

Functional Experience

His functional expertise spans across various specialized domains including technical clothing, specialty fibres and yarns, product innovation, market development, supply chain management, and operational excellence. This diverse experience positions him well to drive growth in Sutlej Textiles' Protech Business division.

Regulatory Compliance

The appointment disclosure follows the prescribed format under amended Regulation 30 of the SEBI Listing Regulations. The company has confirmed that there are no relationships between directors that require disclosure in connection with this appointment. Company Secretary and Compliance Officer Manoj Contractor signed the regulatory filing on behalf of Sutlej Textiles and Industries Limited.