Relaxo Footwears Limited has informed the Exchange regarding cancellation of 4800 Options.
RELAXO · price
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Relaxo Footwears has cancelled 4,800 stock options that were granted to a deceased employee under the 4th phase of its Employee Stock Option Plan 2014. The decision was taken by the Nomination and Remuneration Committee on July 30, 2025. The options had vested but were not exercised by the employee's legal heirs within the 12-month window allowed after the employee's death on June 14, 2024. As a result, these options lapse and will not be converted into shares.
This is a routine administrative event with no material impact on shareholders. The cancellation reduces the pool of potentially dilutive shares, but the number involved (4,800 options) is very small relative to the company's overall capital structure and is unlikely to affect the stock price.