Raymond Lifestyle Limited has informed the Exchange about General Updates
RAYMONDLSL · price
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The Board of Raymond Lifestyle Limited approved a new Employee Stock Option Plan called 'RLL ESOP 2025' on May 12, 2025, to carry forward the benefits of Raymond Limited's existing ESOP 2023 to eligible employees after the Lifestyle Business demerger. The scheme covers 13,44,470 stock options, allocated in the same 5:4 equity share exchange ratio that was fixed under the demerger scheme. The adjusted exercise price has been set at Rs. 1,040.69 per share so that the total value to employees remains unchanged after the corporate action. The scheme is fully compliant with SEBI (Share Based Employee Benefits) Regulations, 2021, and the company will seek shareholder approval separately. Options will vest over a maximum 5-year period from the original grant date in Raymond Limited, with at least a 1-year gap between grant and vesting, based on time-based and performance-based criteria including revenue, EBITDA, market cap, and return on capital employed.
This is a routine post-demerger housekeeping step to protect existing employee stock benefits in the newly listed entity, with no new dilution beyond what was already envisaged. Existing shareholders will get a separate voting opportunity on the scheme, and mild equity dilution is possible only if the options are eventually exercised.