Intimation of Inprinciple approval for listing of 39,78,620 Equity shares of Rs.2/- each
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BSE has granted in-principle approval for listing 39,78,620 equity shares of Rs. 2/- each to be issued by RIR Power Electronics under its Employees Stock Ownership Plan (ESOP) 2025. The approval, dated February 12, 2026, is a procedural clearance required before the shares can be listed. The shares will be allotted to employees only when they exercise their stock options granted under the scheme. This is a pre-allotment approval and does not mean the shares have already been issued.
This is a routine regulatory step for the company's ESOP scheme and has no immediate impact on shareholders. It signals potential future dilution of up to 39.78 lakh shares once employees exercise their stock options, but no equity is issued at this stage.