Key Details of ESOP Grant
- Grant Date: June 23, 2026
- Number of Options Granted: 20,000 (Twenty Thousand) stock options
- Number of Employees: 3 (Three) Eligible Employees
- ESOP Plan: RML Employee Stock Option Plan II 2023 (RML ESOP II 2023)
- Each stock option entitles the grantee to apply for one equity share of the Company of ₹10 each
Financial Parameters
- Exercise Price: ₹70 (Rupees Seventy Only) per Option
- Face Value of Underlying Shares: ₹10 per equity share
- Total Shares Covered: 20,000 equity shares of ₹10 each fully paid-up
Vesting and Exercise Terms
- Vesting Period: 1 (One) year from the date of grant of options
- Exercise Period: 4 (Four) years from the date of respective vesting
- Exercise Window: Options can be exercised either wholly or partly during the exercise window
- The Compensation Committee may modify the exercise period from time to time
Additional Terms and Conditions
- The ESOP Scheme is in compliance with SEBI (SBEBSE) Regulations, 2021
- Equity shares allotted upon exercise would not be subject to any lock-in period
- ESOP shares will rank pari-passu with all other equity shares of the Company from the date of allotment
- Requisite adjustments will be made for corporate actions such as rights issue, bonus issue, stock split, consolidation, merger, amalgamation, or reorganization
- Options may lapse in case of misconduct, incapacity, resignation, termination, retirement, etc.
Current Status
- Options Vested: Not applicable (grant just made)
- Options Exercised: Not applicable
- Money Realized: Not applicable
- Shares Issued: Not applicable
- Options Lapsed: Not applicable
- Terms Variation: Not applicable
- Subsequent Changes: Not applicable
- Diluted EPS Impact: Not applicable
Financial Impact Assessment
No immediate financial impact disclosed. Potential future equity dilution of 20,000 shares upon full exercise of options.