Sai Life Sciences Limited has revised its intimation regarding the allotment of equity shares under its Employee Stock Option Plans (ESOP). The company had inadvertently carried out the initial allotment and has requested that it be disregarded. The revised details pertain to the allotment of equity shares under the Management Employees Stock Option Plan 2018 (MESOP 2018) and ESOP Plan 2008.
The Board of Directors, in a meeting held on September 3, 2025, approved and allotted 150,000 fully paid-up equity shares of Re.1 each under MESOP 2018, and 500 fully paid-up equity shares of Re.1 each under ESOP 2008.
The details of the allotment are provided in Annexure-A (MESOP 2018) and Annexure-C (ESOP 2008), as per Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Further details as per SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure-B (MESOP 2018) and Annexure-D (ESOP 2008).
Details of Allotment under MESOP 2018 (Annexure-A):
- Company Name: Sai Life Sciences Limited
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
- Filing Date: January 8, 2025
- Filing Numbers: BSE (220874), NSE (46557)
- Scheme Title: Management ESOP Plan 2018
- Security Type: Equity Shares
- Par Value: Re 1 per share
- Issue Date: September 3, 2025
- Number of Shares Issued: 150,000
- Distinctive Numbers: 209249293 to 209399292 (inclusive)
- ISIN: INE570L01029
- Exercise Price: Rs 23.30 per share
- Premium: Re 22.30 per share
- Total Issued Shares After Issue: 209399292
Details of Allotment under ESOP 2008 (Annexure-C):
- Company Name: Sai Life Sciences Limited
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
- Filing Date: January 8, 2025
- Filing Numbers: BSE (220872), NSE (46558)
- Scheme Title: Employees Stock Option Plan 2008
- Security Type: Equity Shares
- Par Value: Re 1 per share
- Issue Date: September 3, 2025
- Number of Shares Issued: 500
- Distinctive Numbers: 209399293 to 209399792 (inclusive)
- ISIN: INE570L01029
- Exercise Price: Rs 188.90 per share
- Premium: Re 187.90 per share
- Total Issued Shares After Issue: 209399792
Key Highlights from Annexure-B (MESOP 2018):
- The present instance is for allotment of shares upon exercise of 150,000 options under MESOP 2018.
- Money realized by exercise of options: INR 34,95,000.
Key Highlights from Annexure-D (ESOP 2008):
- The present instance is for allotment of shares upon exercise of 500 options under ESOP 2008.
- Money realized by exercise of options: INR 94,450.
The objective of both MESOP 2018 and ESOP 2008 is to incentivize, attract, retain, and reward employees, contributing to the company's growth. The vesting and exercise periods are defined as per the respective plan clauses.
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