Nature of the Event

Rose Merc Limited has made a regulatory disclosure to the Bombay Stock Exchange regarding the allotment of equity shares pursuant to the exercise of employee stock options under two separate ESOP plans.

Key Quantitative Figures

  • Total equity shares allotted: 2,24,500
  • Face value per share: ₹10
  • Total money realized from exercise: ₹1,12,25,000
  • Post-allotment paid-up equity share capital: ₹6,85,71,300
  • Post-allotment total equity shares: 68,57,130

Breakdown by ESOP Plan

RML Employee Stock Option Plan II – 2023:

  • Options exercised: 40,000
  • Money realized: ₹20,00,000
  • Shares allotted: 40,000
  • Exercise price: ₹50 per share
  • Premium per share: ₹40
  • Distinctive numbers: 6632631 to 6672630

RML Employee Stock Option Plan – 2024:

  • Options exercised: 1,84,500
  • Money realized: ₹92,25,000
  • Shares allotted: 1,84,500
  • Exercise price: ₹50 per share
  • Premium per share: ₹40
  • Distinctive numbers: 66,72,631 to 68,57,130

Dates of Action

  • Compensation Committee meeting date: July 07, 2026
  • Date of issue of shares: July 07, 2026
  • Original ESOP plan filing dates: August 11, 2023 (ESOP II 2023) and November 26, 2024 (ESOP 2024)

Parties Involved

  • Regulatory body: Bombay Stock Exchange Limited
  • Governing committee: Compensation Committee of the Company
  • Signatories: Vaishali Parkar Kumar (Managing Director) and Dharini Bhushankumar Kadakia (Company Secretary)

Capital Structure Impact

  • The allotted shares rank pari-passu with existing equity shares in all respects
  • No lock-in period applies to the allotted shares
  • The issuance represents a dilution of approximately 3.38% of the pre-issuance capital
  • Financial impact: The company received ₹1.12 crore in cash from the exercise of options

ESOP Plan Details

RML ESOP II 2023:

  • Total options granted: 5,00,000 to 1 eligible employee
  • Vesting period: 1 year from grant date
  • Exercise period: 4 years from vesting date

RML ESOP 2024:

  • Total options covered: 40,00,000 equity shares
  • Vesting period: 1 year from grant date
  • Exercise period: 4 years from vesting date

Additional Terms

  • Both plans provide for adjustments in case of corporate actions (rights issue, bonus issue, split, consolidation, merger, etc.)
  • Options are dealt with appropriately in cases of death, permanent incapacity, resignation, termination, or retirement
  • The Compensation Committee administers both ESOP plans