Date: November 13, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

ESOP Grant and Cancellation Disclosure:

  • The Nomination and Remuneration Committee (NRC) met on Friday, November 13, 2026.
  • The committee approved the cancellation of 27,600 Employee Stock Options (Options) granted under Phase-V of the RFL Employee Stock Option Plan, 2014 (RFL ESOP Plan-2014).
  • These options were cancelled for one employee pursuant to his resignation from the company.
  • The cancelled options were added back to the stock options pool for future grants.
  • The committee approved a fresh grant of 14,700 Options under Phase-V of the same plan to eligible employees.
  • Each option is convertible into one equity share of face value ₹1.

Annexure Details (Regulatory Disclosure):

1. Name of the scheme: RFL Employee Stock Option Plan 2014 (ESOP 2014).

2. Brief details of options granted: 14,700 options granted to eligible employees.

3. Regulatory Framework: The scheme is in terms with the erstwhile SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.

4. Total number of shares covered: 14,700 equity shares.

5. Pricing formula: Exercise price is the latest available closing price prior to the NRC meeting date on the stock exchange with the highest trading volume.

6. Options vested: Not Applicable.

7. Exercise period: Vested options are exercisable within a maximum of 4 years from their vesting date.

8. Options exercised: Not Applicable.

9. Money realized by exercise of options: Not Applicable.

10. Total number of shares from exercised options: Not Applicable.

11. Options lapsed: Not Applicable.

12. Variation of terms of options: Not Applicable.

13. Significant terms: The scheme is administered by the Nomination and Remuneration committee. Grant is based on eligibility criteria in the Scheme.

14. Subsequent changes/cancellation/exercise: Not Applicable.

15. Diluted EPS from option exercise: Not Applicable.

The disclosure is made pursuant to Regulation 30 of the SEBI LODR Regulations and refers to Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.