Date: August 13, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
ESOP Grant Details
- Nomination and Remuneration Committee meeting held on Thursday, August 13, 2026
- Approved grant of 5,03,500 (Five Lakh Three Thousand and Five Hundred) Employee Stock Options
- Options convertible into equal number of Equity Shares of face value of ₹1 each
- Granted under Phase-V of RFL ESOP Plan-2014 to eligible employees
- Scheme complies with erstwhile SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999
- Total shares covered: 5,03,500 equity shares (each option convertible into 1 equity share)
Pricing Formula
- Exercise price based on latest available closing price prior to the date of Nomination and Remuneration Committee meeting
- Price taken from stock exchange where the company's shares are listed
- If listed on multiple exchanges, uses exchange with highest trading volume on said date
Vesting and Exercise Terms
- Options vested: Not Applicable (at time of grant)
- Vested options exercisable within maximum period of 4 (Four) years from date of vesting
- Options exercised: Not Applicable
- Money realized by exercise: Not Applicable
- Total shares from exercised options: Not Applicable
- Options lapsed: Not Applicable
- Variation of terms: Not Applicable
Scheme Administration
- ESOP 2014 administered by Nomination and Remuneration Committee of the Board of Directors
- Grant based on eligibility criteria mentioned in the Scheme
- Subsequent changes/cancellation/exercise: Not Applicable
- Diluted EPS impact: Not Applicable