Key Quantitative Figures

  • Number of options granted: 200,000 (Two Lakhs)
  • Number of eligible employees: 1 (One)
  • Face value of underlying equity shares: ₹10 each
  • Exercise price per option: ₹60
  • Total potential shares issuable: 200,000 equity shares

Plan Details

  • Plan name: RML Employee Stock Option Plan II 2023 (RML ESOP II 2023)
  • Administered by: Compensation Committee of the Company
  • Options convertible into: One fully paid-up equity share of ₹10 face value each
  • Vesting: Completion of 1 year from grant date
  • Exercise: Options can be exercised wholly or partly during exercise window within 4 years from vesting

Significant Terms

  • Options granted to specific employees of the company
  • Terms include provisions for death, permanent incapacity, resignation, termination, retirement
  • Adjustments will be made for corporate actions (rights issue, bonus issue, split, consolidation, merger/amalgamation, sale of division/undertaking, or other reorganization)
  • Equity shares allotted upon exercise will not be subject to lock-in
  • ESOP shares will rank pari-passu with other equity shares from date of allotment

Current Status

  • Options exercised: Not applicable
  • Money realized by exercise: Not applicable
  • Total shares from exercise: Not applicable
  • Options lapsed: Not applicable
  • Variation of terms: Not applicable
  • Subsequent changes/cancellation: Not applicable
  • Diluted EPS impact: Not applicable