The Compensation Committee of the Company approved the allotment of 2,20,000 (Two Lakh Twenty-Thousand) equity shares at its meeting held on August 06, 2026. These shares have a face value of ₹10 each and are fully paid-up, allotted to grantees upon exercise of stock options under the RML Employee Stock Option Plan – 2024.

These newly allotted shares will rank pari-passu with the existing equity shares of the Company in all respects. Following this allotment, the issued and paid-up equity share capital of the Company has increased to ₹7,45,40,470 consisting of 74,54,047 equity shares of ₹10 each.

Key Details from Annexure I (Regulation 30 Disclosure)

  • The RML ESOP 2024 scheme originally granted 40,00,000 (Forty Lakhs) stock options to 4 eligible employees
  • The scheme is compliant with SEBI (SBEBSE) Regulations, 2021
  • Each stock option is convertible into one fully paid-up equity share of face value ₹10
  • Total shares covered under options: 40,00,000 equity shares
  • Exercise price: ₹50 per option
  • Vesting period: 1 year from date of grant
  • Exercise period: 4 years from respective vesting date
  • Options exercised: 2,20,000
  • Money realized by exercise: ₹1,10,00,000
  • Total shares arising from exercise: 2,20,000 equity shares
  • No options lapsed or variations occurred
  • Significant terms include administration by Compensation Committee, provisions for employee termination scenarios, adjustments for corporate actions, no lock-in period, and pari-passu status

Key Details from Annexure II (SEBI SBEB Regulations Disclosure)

  • Company Registered Office: 15/B/4, New Sion Chs, Swami Vallabhdas Road, Opp SIES College, Behind Dmart Store, Sion West, Mumbai 400022
  • Shares listed on: BSE
  • Initial scheme filing date: November 26, 2024
  • Scheme title: "RML Employee Stock Option Plan 2024"
  • Security type: Equity
  • Par value: ₹10
  • Date of issue: August 06, 2026
  • Number of shares issued: 2,20,000
  • Distinctive numbers: 72,34,048 to 74,54,047
  • Exercise price per share: ₹50
  • Premium per share: ₹40
  • Total issued shares after issue: 74,54,047
  • Total issued share capital after issue: ₹7,45,40,470
  • No lock-in restrictions apply
  • Shares are identical in all respects to existing shares

The disclosure was signed by Vaishali Parkar Kumar, Managing Director (DIN: 09159108) and Dharini Kadakia, Company Secretary (Membership No: A76992).