Date: 29 September, 2026
Board Meeting Outcomes
The Nomination and Remuneration Committee of the Board of Directors of Ramkrishna Forgings Limited approved the grant of 57,340 Employee Stock Options (ESOPs) under the "RKF Limited Employee Stock Option Scheme 2023" at its meeting held on Tuesday, 29 September, 2026. The meeting commenced at 12:30 PM IST and concluded at 1:30 PM IST.
ESOP Grant Details
Number of Options Granted: 57,340 Employee Stock Options
Underlying Shares: Each option is convertible into one equity share of face value of ₹2.00 each
Exercise Price: ₹532 (Rupees Five Hundred and Thirty-Two Only) per option
Pricing Formula: The exercise price was determined at a discount of 25% on the previous 15 days average closing market price of the company's equity shares on the National Stock Exchange of India Limited (NSE) as on September 28, 2026. The scheme allows the Committee to determine exercise price up to a maximum discount of 25% on the 15-day average market price.
Vesting Schedule: Options vest equally over 4 years:
- 25% of options vest on 1st anniversary from date of grant
- 25% of options vest on 2nd anniversary from date of grant
- 25% of options vest on 3rd anniversary from date of grant
- 25% of options vest on 4th anniversary from date of grant
Exercise Period: Vested options are exercisable within a period of 4 years from the date of vesting of such options.
Significant Terms:
- Grant is based on eligibility criteria mentioned in ESOP Scheme 2023
- Minimum vesting period: 1 year
- Maximum vesting period: 4 years from grant date
- Each vested option entitles holder to apply for one equity share
- Shares will be transferred by Ramkrishna Forgings Limited Employee Welfare Trust
- Expired/lapsed options return to options pool for future grants