Religare Enterprises Limited has informed the Exchange about Options to purchase securities
RELIGARE · price
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On July 11, 2025, the Nomination and Remuneration Committee of Religare Enterprises granted 9,50,000 (Nine Lakh Fifty Thousand) stock options to eligible employees under the Religare Enterprises Limited Employee Stock Option Plan 2019. Each option is convertible into one equity share of face value Rs. 10 at an exercise price of Rs. 270.84 per share. The options will vest over three years in the ratio of 33%, 33%, and 34% in the 1st, 2nd, and 3rd years respectively, and can be exercised within 8 years from the date of vesting. The scheme is in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. The grant was approved by the Board and shareholders previously.
This is a routine employee compensation action and not a new capital raise. The 9.5 lakh options represent a small portion of the company's share capital, so dilution risk for existing shareholders is limited. The relatively high exercise price of Rs. 270.84 suggests the options will only deliver value to employees if the stock appreciates above this level, which aligns employee interests with shareholders.