NSEGeneral Updates5d ago · 9 Oct 2026, 11:42 pm
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Cohance Lifesciences Limited · COHANCE
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Cohance Lifesciences Limited has informed the Exchange about grant of Stock Options to certain eligible employees of the Company.
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Full Announcement
Cohance Lifesciences Limited has informed the Exchange about grant of Stock Options to certain eligible employees of the Company
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SUVENPHARMROHIT_09102026234023_Cohance_ESOP_Grant_09Oct2026.pdf
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9 October 2026
BSE Limited National Stock Exchange of India Limited
25th Floor, P. J. Towers, Exchange Plaza, Bandra Kurla Complex
Dalal Street, Mumbai - 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 543064 Scrip Symbol: COHANCE
Dear Sir/Madam,
Subject: Disclosure regarding grant of ESOPs
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“SEBI Listing Regulations”), we hereby inform that the Nomination and Remuneration Committee
of the Company, at its meeting held today, i.e. on 9 October 2026, has approved the grant of employee stock
options under the Company's ESOP schemes as detailed below:
1. grant of 2,60,194 stock options to the eligible employees of the Company under the Cohance
Lifesciences Limited – Employee Stock Option Plan 2026 (the “ESOP 2026”);
2. grant of 6,14,594 stock options to the eligible employees of the Company under the Suven
Pharmaceuticals Limited – Employee Stock Option Plan 2023 (the “ESOP 2023”);
The details required under the SEBI Listing Regulations read with SEBI Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 on the above grants are
enclosed herewith as Annexure 1 and Annexure 2.
Kindly take the above on record.
Thanking you
Yours faithfully,
For Cohance Lifesciences Limited
(formerly, Suven Pharmaceuticals Limited)
Sisir K. Mishra
Company Secretary & Compliance Officer
Encl: as above
Annexure 1
Details of grant of employee stock options under the ESOP 2026
No Particulars Remarks
1 Brief details of Options 2,60,194 employee stock options (“Options”), which may be offered
granted and granted in one or more tranches, each convertible into one equity
share of the Company of face value of INR 1/-
2 Whether the scheme is in Yes
terms of SEBI (SBEB)
Regulations, 2021 (if
applicable)
3 Total number of shares The Options, upon exercise, shall result in allotment of 2,60,194 shares.
covered by these options
4 Pricing formula The exercise price per option shall be decided by the Board or
Nomination and Remuneration Committee and set out in the letter of
grant.
Provided that in any circumstances, the exercise price shall:
(a) not be less than INR 325 (Rupees Three Hundred and Twenty Five
only) for any grant that is made within 6 (six) months of the date
of receipt of in-principle approval from the stock exchange
following the approval of the ESOP 2026 by the shareholders of
the Company, provided however that the grant to existing
employees of the Company as on the effective date of the ESOP
2026 shall be made within 10 (ten) working days of the date of
receipt of in-principle approval from the stock exchanges
following the approval of the shareholders, at the exercise price of
INR 325 (Rupees Three Hundred and Twenty Five only); or
(b) in the case of any grant made after 6 (six) months of the date of
receipt of in-principle approval from the stock exchanges
following the approval of the shareholders, or any grant to existing
employees made after 10 (ten) working days of receipt of in-
principle approval from the stock exchanges as set out above, the
exercise price shall not be at more than a 20% (twenty percent)
discount to the average market price of the shares of the Company
over a 21 (twenty-one) trading days’ period preceding one trading
day prior to the grant date.
5 Options vested Options granted shall vest not earlier than minimum period of 1 (one)
year and not later than maximum period of 8 (eight) years from the date
of grant, subject to conditions as set out in the grant letter as issued to
respective employees. The Nomination and Remuneration Committee
may at its discretion, subject to applicable laws, change the vesting
schedule provided that such change is not detrimental in the interest of
the employees.
6 Time within which The exercise period shall be up to 3 years from the date of vesting of
option may be exercised options.
7 Options exercised Not applicable
8 Money realized by Not applicable
exercise of options
9 The total number of Not applicable
shares arising as a result
of exercise of option
10 Options lapsed Not applicable
11 Variation of terms of Not applicable
options
12 Brief details of Significant terms of the Options have been given in the ESOP 2026,
significant terms which can be accessed on the website of the Company at
https://www.cohance.com/wp-content/uploads/2026/07/ESOP-2026-
Plan-23Jul26-Final.pdf
13 Subsequent changes or Not applicable
cancellation or exercise
of such options
14 Diluted earnings per Not applicable
share pursuant to issue of
equity shares on exercise
of options
Annexure 2
Details of grant of employee stock options under the ESOP 2023
No Particulars Remarks
1 Brief details of Options granted 6,14,594 employee stock options (“Options”), which may be
offered and granted in one or more tranches, each convertible into
one equity share of the Company of face value of INR 1/-
2 Whether the scheme is in terms Yes
of SEBI (SBEB) Regulations,
2021 (if applicable)
3 Total number of shares covered The Options, upon exercise, shall result in allotment of 6,14,594
by these options shares.
4 Pricing formula All Options were granted at the exercise price of INR 495.
5 Options vested Options granted shall vest not earlier than minimum period of 1
(one) year and not later than maximum period of 10 (ten) years
from the date of grant, subject to conditions as set out in the grant
letter as issued to respective employees. The Nomination and
Remuneration Committee may at its discretion, subject to
applicable laws, change the vesting schedule provided that such
change is not detrimental in the interest of the employees.
6 Time within which option may The exercise period shall be up to 3 years from the date of vesting
be exercised of options.
7 Options exercised Not applicable
8 Money realized by exercise of Not applicable
options
9 The total number of shares Not applicable
arising as a result of exercise of
option
10 Options lapsed Not applicable
11 Variation of terms of options Not applicable
12 Brief details of significant terms Significant terms of the Options have been given in the ESOP
2023, which can be accessed on the website of the Company at
https://www.cohance.com/wp-
content/uploads/2025/06/SuvenESOP2023Policy.pdf
13 Subsequent changes or Not applicable
cancellation or exercise of such
options
14 Diluted earnings per share Not applicable
pursuant to issue of equity
shares on exercise of options