Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you ....
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Awaiting price reaction for this filing.
RIR Power Electronics' board, at its meeting on 13th December 2025, approved a new Employee Stock Ownership Plan called 'ESOP 2025', subject to shareholder approval via postal ballot. The board also approved the draft postal ballot notice for seeking this approval. Additionally, M/s Neetu Agrawal & Co., Practicing Company Secretary, was appointed as scrutinizer for the e-voting process of the postal ballot. The meeting lasted just 20 minutes, from 10:00 a.m. to 10:20 a.m.
The ESOP 2025 could lead to dilution of existing shareholders' equity once approved and granted, but it may also help retain and motivate employees. The actual impact on stock price is likely minimal at this stage, as key details such as the number of options, exercise price, and dilution percentage have not been disclosed in this intimation.