R R Kabel Limited has informed the Exchange regarding 'the decision taken in the Nomination and Remuneration Committee meeting in connection with the Exercise Price for RRKL ESOP 2023.'.
RRKABEL · price
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The Nomination and Remuneration Committee of R R Kabel, at its meeting on 15 July 2025, approved the pricing terms for stock options to be granted under the RRKL ESOP 2023 plan. The maximum discount on the Exercise Price will be capped at 20% of the Market Price on the Grant Date, meaning the Exercise Price will not be less than 80% of the prevailing Market Price. Additionally, a minimum Exercise Price of ₹270.10 per equity share has been set. The decision is subject to shareholder ratification at the upcoming Annual General Meeting. The meeting lasted from 8:30 p.m. to 8:46 p.m. IST.
This is a routine administrative update regarding ESOP pricing mechanics and does not signal any change in business outlook. Shareholders will have the opportunity to ratify the plan at the AGM, and eligible employees may receive stock options at a modest discount to market price, which is a standard retention practice.