Rategain Travel Technologies Limited has informed the Exchange regarding Grant of 116631 Options.
RATEGAIN · price
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RateGain Travel Technologies has granted 116,631 Stock Appreciation Rights (SARs) to employees under the SAR Scheme 2022. The grant was approved by the Nomination and Remuneration Committee on May 20, 2026. The SARs are structured in three tranches: 82,939 units at Rs. 466.75, 5,269 units at Rs. 493.75, and 28,423 units at Rs. 592.5. Vesting occurs over 4 years following a graded schedule (10% in year 1, 20% in year 2, 30% in year 3, and 40% in year 4), with an exercise window of 3 years from the date of vesting. The total value of the grant at current prices is approximately Rs. 5.4 crore.
This is a standard equity compensation announcement that aligns employee interests with shareholders. SARs have a lower dilution impact than traditional stock options as they are settled on appreciation above the grant price. Positive for talent retention but has a minor overhang on the stock.