Key Quantitative Figures

  • Total Options Granted: 6,98,567 stock options
  • Face Value per Share: ₹10 each
  • Exercise Price per Option: ₹404.80 (Rupees Four Hundred Four and Eighty Paise)
  • Already Vested Options: 2,31,835 (Two lakh Thirty One Thousand Eight Hundred Thirty Five) Stock Options

Dates and Timeline

  • Committee Approval Date: June 05, 2026
  • Vesting Period: Maximum of five years from the date of original grant at Raymond Limited
  • Exercise Window: Five years from the date of vesting of the original grant

Parties Involved

  • Approving Authority: Nomination and Remuneration Committee (NRC) of the Company
  • Beneficiaries: Eligible employees / options holders currently holding options under the Raymond Employees Stock Option Plan 2023 ('Raymond ESOP 2023')
  • Regulatory References: SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Scheme Details and Terms

  • The ESOP scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Options are granted to employees of the Company and its Group companies including Holding/Subsidiary/Associate Companies (Present and Future)
  • The NRC acts as Compensation Committee for supervision of ESOP Scheme
  • A Trust shall administer the ESOP Scheme under the guidance of the Compensation Committee
  • The Trust may acquire shares by subscription to fresh issue of shares by the Company and/or secondary acquisition
  • Total number of stock options granted shall not exceed 6,98,567

Vesting Structure

  • Vesting can be Time-based and/or Performance-based
  • Performance metrics include: Cumulative Consolidated Thane Revenue, Cumulative Consolidated Non-Thane Revenue, Cumulative Consolidated PBT, and other parameters determined by NRC
  • The vesting period accounts for time lapsed since the original grant date at Raymond Limited
  • Maximum vesting period is capped at five years from the original Raymond Limited grant date