Intimation for Grant of Options under ESOP Scheme
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RIR Power Electronics announced that its Nomination and Remuneration Committee, at a meeting held on 13th February 2026, approved the grant of 7,50,000 stock options to eligible employees under the 'RIR Power Electronics Limited Employees Stock Ownership Plan – 2025'. Each option is convertible into one equity share of face value Rs. 2 at an exercise price of Rs. 100 per share. The options will vest in tranches — 33% after 1 year, 33% after 2 years, and 34% after 3 years from the grant date — and vested options can be exercised within 4 years. The scheme is confirmed to be in compliance with SEBI's Share Based Employee Benefits regulations.
This is a routine ESOP grant with no immediate cash impact, but upon exercise it will lead to dilution of existing shareholders by up to 7,50,000 shares. The exercise price of Rs. 100 well above face value of Rs. 2 indicates the options carry real value if shares trade above that level, aligning employee incentives with shareholder value creation.