Nature of the Event

The Compensation Committee of the Company, at its meeting held on August 28, 2026, approved the allotment of 160,000 equity shares to grantees upon the exercise of stock options under two employee stock option plans: RML Employee Stock Option Plan II – 2023 and RML Employee Stock Option Plan – 2024.

Key Quantitative Figures and Capital Impact

  • Total Shares Allotted: 160,000 Equity Shares of ₹10 each, fully paid-up.
  • Post-Allotment Capital: The issued and paid-up equity share capital of the company increased to ₹7,88,60,470.
  • Post-Allotment Shares: The total number of equity shares outstanding is 78,86,047.
  • The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects and are not subject to any lock-in.

Details of RML Employee Stock Option Plan II – 2023 (Part A)

  • Options Granted: 500,000 stock options were granted to one eligible employee.
  • Shares per Option: Each option is convertible into one fully paid-up equity share of ₹10.
  • Exercise Price: ₹50 per option.
  • Vesting: Options vest upon completion of one year from the grant date.
  • Exercise Period: Options can be exercised within a four-year window from the respective vesting date.
  • Options Exercised: 20,000 stock options were exercised.
  • Proceeds from Exercise: ₹10,00,000 was realized.
  • Shares Allotted (Plan II): 20,000 equity shares were allotted.
  • Distinctive Numbers: 7726048 to 7746047.
  • Premium per Share: ₹40.
  • The scheme was filed with the stock exchange on August 11, 2023, and is in terms of SEBI (SBEBSE) Regulations, 2021.

Details of RML Employee Stock Option Plan – 2024 (Part B)

  • Options Granted: 4,000,000 stock options.
  • Shares per Option: Each option is convertible into one fully paid-up equity share of ₹10.
  • Exercise Price: ₹50 per option.
  • Vesting: Options vest upon completion of one year from the grant date.
  • Exercise Period: Options can be exercised within a four-year window from the respective vesting date.
  • Options Exercised: 140,000 stock options were exercised.
  • Proceeds from Exercise: ₹70,00,000 was realized.
  • Shares Allotted (Plan 2024): 140,000 equity shares were allotted.
  • Distinctive Numbers: 7746048 to 7886047.
  • Premium per Share: ₹40.
  • The scheme was filed with the stock exchange on November 26, 2024, and is in terms of SEBI (SBEBSE) Regulations, 2021.

Parties Involved

  • Stock Exchange: Bombay Stock Exchange Limited (BSE).
  • Signatories: Vaishali Parkar Kumar, Managing Director (DIN: 09159108) and Dharini Bhushankumar Kadakia, Company Secretary (Membership No: A76992).