Raymond Lifestyle Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
RAYMONDLSL · price
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The board of Raymond Lifestyle Limited approved a new ESOP scheme called RLL ESOP 2025 on May 12, 2025, to extend the benefits of Raymond Limited's ESOP 2023 to eligible employees after the demerger of the Lifestyle Business. A total of 13,44,470 stock options will be granted, with options issued in the same 5:4 equity share ratio fixed under the Composite Scheme of Arrangement. The exercise price has been set at Rs. 1,040.69 per share, adjusted so that the total value to employees remains unchanged after the corporate action. Options must vest after a minimum of one year and can be exercised within five years from the original grant date, with vesting linked to time and performance parameters like market cap, revenue, EBITDA, and return on capital employed. The company will seek shareholder approval for the scheme separately.
This is largely a continuity measure for existing employees post-demerger and is not a fresh dilution event on its own. If approved by shareholders and exercised, the 13.44 lakh options could lead to mild equity dilution. No immediate impact on share price is expected, but the scheme ties management compensation to company performance metrics.