Raymond Realty Limited has informed the Exchange about approval ofRaymond Realty Employees Stock Option Plan 2025.
RAYMONDREL · price
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Raymond Realty's board has approved a new ESOP scheme, RRL ESOP 2025, to carry over the benefits of Raymond Limited's ESOP 2023 to employees after the demerger of the realty business. Up to 16,80,588 stock options will be granted, matching the 1:1 share exchange ratio fixed under the demerger scheme. The adjusted exercise price has been set at Rs. 404.80 per share, with vesting linked to time and performance-based criteria such as market capitalisation, revenue, EBITDA, and return on capital employed. Options can be exercised within 5 years from the date of original grant in Raymond Limited, and shares will be acquired via primary issuance or secondary route through an ESOP trust. The company will seek separate shareholder approval for the scheme.
This is a routine post-demerger action to protect employee incentives, with a potential mild dilution of up to about 16.8 lakh shares. Net impact on shareholders is largely neutral, though performance-linked vesting ties employee rewards to company metrics, which is mildly positive for alignment of interests.