Rishabh Instruments Limited has granted 1,00,000 (One Lakh) employee stock options under its existing 'RIL Employee Stock Option Plan – 2022, Scheme B'. The options represent equity shares with a face value of ₹10 each. The exercise price for these options is ₹250 per share.
The grant was approved by the Nomination and Remuneration Committee through circular resolution on September 29, 2026, and falls within the shareholders' approved limit of 5,76,000 options.
The ESOP scheme complies with SEBI (SBEB) Regulations, 2021 and was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Vesting Schedule:
- 10% of options vest after one year from grant date
- 20% of options vest after two years from grant date
- 30% of options vest after three years from grant date
- 40% of options vest after four years from grant date
Exercise Period:
The options may be exercised within a maximum period of six months from the date of respective vesting.
Additional Terms:
The treatment of options upon resignation, termination, or retirement will be governed by the Scheme rules. There are no options exercised, money realized, shares arising from exercise, or lapsed options at the time of this grant. The diluted earnings per share impact is not applicable at the time of grant.
Compliance Officer:
The disclosure was signed by Ajinkya Joglekar, Company Secretary and Compliance Officer (ICSI Membership No.: A57272) on September 29, 2026.