Revised Disclosure regarding grant of ESOPs on February 11, 2026.
Awaiting price reaction for this filing.
Refex Renewables & Infrastructure's Nomination & Remuneration Committee approved the grant of 10,942 Employee Stock Options (ESOPs) to 5 eligible employees of the company and its subsidiaries/associates on February 11, 2026. This is part of the company's 'RRIL ESOS 2022' scheme, which has a total ESOP pool of 4,48,990 equity shares. Time-based options (30% of grants) carry an exercise price of ₹197, which is a 30% discount to the market price of ₹281.70, while performance-based options (70% of grants) have an exercise price of ₹141 (50% discount). Options will vest over a 5-year period after a minimum 1-year holding and can be exercised within 10 years of vesting.
This is a routine employee compensation event with minor dilution risk (10,942 shares against a pool of 4,48,990). The discounted exercise prices align employee interests with shareholders but are unlikely to materially affect the stock price or shareholder value.