Grant of 10,942 ESOPs to 05 eligible employees of the Company/its subsidiary, by the Nomination and Remuneration Committee on February 11, 2026, under RRIL ESOS 2022.
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure has granted 10,942 Employee Stock Options (ESOPs) to 5 eligible employees of the company and its subsidiaries/associates under its RRIL Stock Option Scheme 2022. The options were approved by the Nomination and Remuneration Committee on February 11, 2026, and are part of a total ESOP pool of 4,48,990 equity shares. Time-based options (30% of grants) carry an exercise price of ₹197 per share, while performance-based options (70% of grants) are priced at ₹141 per share — both at significant discounts to the ₹281.70 closing price on February 10, 2026. Options will vest over a 5-year period after a minimum 1-year waiting period and can be exercised within 10 years of vesting.
This is a routine employee incentive disclosure with a small dilution impact (around 0.02% of the ESOP pool being granted). The discounted exercise prices could modestly motivate employees but may cause minor future dilution when options are exercised.