Rategain Travel Technologies Limited has informed the Exchange regarding Grant of 634732 Options.
RATEGAIN · price
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RateGain Travel Technologies has informed the stock exchanges that its Nomination and Remuneration Committee approved the grant of 634,732 Stock Appreciation Rights (SARs) to employees on June 26, 2025, under the company's SAR Scheme 2022. The grant is split into two tranches: 56,724 SAR units priced at Rs. 440.30 per unit (based on NSE closing price on the grant date) and 578,008 SAR units priced at Rs. 525.00 per unit. The SARs will vest over 4 years in a staggered schedule — 10% in year 1, 20% in year 2, 30% in year 3, and 40% in year 4. Once vested, employees have a 3-year window to exercise these rights. Since SARs are typically cash-settled based on share price appreciation, this grant does not result in fresh equity issuance or dilution to existing shareholders.
This is a routine employee incentive grant with no equity dilution for shareholders. However, since SARs are cash-settled, the company will need to account for the expense based on future share price appreciation, which could have a modest impact on future profitability if the stock rises significantly above the grant prices.