Alpha Limited is a public limited company; it is one of the leaders in the business of manufacturing specialized automobile parts in the domestic market. In the last Board meeting, HR-Director suggested to issue Sweat Eq

According to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, "Stock appreciation right or SAR" means a right given to a SAR grantee entitling him to receive appreciation for a specified number of shares of the company where the settlement of such appreciation may be made by way of cash payment or shares of the company. A SAR settled by way of shares of the company shall be referred to as equity settled SAR. For the purpose of these regulations, any reference to stock appreciation right or SAR shall mean equity settled SARs and does not include any scheme which does not, directly or indirectly, involve dealing in or subscribing to or purchasing, securities of the company. According to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, Stock appreciation right (SAR) price means the base price defined on the grant date of SAR for the purpose of computing appreciation.