Renaissance Global Limited submitted a correction to its previous ESOP grant disclosure dated June 12, 2026. The correction reduces the number of stock options granted from 65,005 to 51,000 equity shares under the RGL Employees Stock Option Plan 2021 (RGL ESOP 2021). Each stock option is convertible into one equity share of the company with a face value of Rs. 2 each.
Key ESOP Details:
- Total shares covered: 51,000 equity shares
- Grant date: June 12, 2026
- Exercise price: Rs. 2 per stock option
- Vesting schedule: Options vest at the end of 1 year from the grant date
- Plan compliance: The scheme is in terms of SEBI (SBEB & SE) Regulations, 2021
The company attributed the error to an "inadvertent clerical error" and confirmed that apart from the correction in the number of options granted, all other information provided in the original disclosure remains unchanged.
Compliance Information:
The correction was made in accordance with SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, which outlines disclosure requirements for ESOP grants. The company assured the stock exchanges that it will "take appropriate care while uploading the submissions on Stock Exchange" going forward.
Additional Announcements:
The filing serves solely as a correction to the previous ESOP grant disclosure and contains no additional corporate updates or announcements.