STL Networks Limited has approved the grant of 18,76,412 stock options under its Special Purpose Employee Stock Option Scheme 2025 (SP-ESOP 2025). The scheme, approved by the Nomination and Remuneration Committee on December 4, 2025, is designed to restore value for eligible employees following a demerger from Sterlite Technologies Limited. The options have a face value of ₹2.00 per share.
Key Details of the Stock Option Grant
| Aspect | Details |
| Number of Stock Options | 18,76,412 |
| Scheme Name | Special Purpose Employee Stock Option Scheme 2025 (SP-ESOP 2025) |
| Face Value per Share | ₹2.00 |
| Approval Date | December 4, 2025 |
| Approving Authority | Nomination and Remuneration Committee |
Scheme Background and Purpose
The SP-ESOP 2025 was introduced as part of the demerger arrangement between STL Networks Limited (Resulting Company) and Sterlite Technologies Limited (Demerged Company). Its primary goal is to ensure that eligible employees retain the value of their existing stock options following the corporate restructuring.
Key Features of SP-ESOP 2025
- Option Ratio: Eligible employees receive 1 option under SP-ESOP 2025 for every 1 option (vested or unvested) held in the Demerged Company as of the effective date.
- Vesting Period: Options vest over a minimum of 1 year and a maximum of 5 years from the grant date.
- Exercise Period: Vested options can be exercised within a maximum period of 5 years from the vesting date, as determined by the Committee.
- Terms and Conditions: Options under SP-ESOP 2025 carry similar terms to those of the ESOP schemes of the Demerged Company.
This grant underscores STL Networks’ commitment to aligning employee interests with those of the company and its shareholders. By offering equity participation, the company aims to motivate and retain key talent while fostering a sense of ownership among its workforce.
Summary
STL Networks’ approval of 18.76 lakh stock options under the SP-ESOP 2025 reinforces its focus on employee retention and value restoration following the demerger from Sterlite Technologies. The scheme provides a 1:1 option ratio, a vesting period of 1-5 years, and a maximum exercise window of 5 years, offering employees continued equity participation and strengthening
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