Revised Intimation for Grant of Options under ESOP Scheme.
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RIR Power Electronics has informed BSE about the grant of 7,50,000 stock options to eligible employees under its ESOP 2025 scheme, approved by the Nomination and Remuneration Committee on 13th February 2026. Each option is convertible into one equity share of Rs. 2 face value, with an exercise price of Rs. 100 per share. The vesting schedule is spread over three years — 33% at the first anniversary, followed by 2.75% monthly for the next 12 months, and 2.833% monthly for the subsequent 12 months. Vested options can be exercised within four years of vesting completion. This is a revised intimation to the earlier filing dated 13th February 2026.
This grant will lead to a future dilution of equity by up to 7,50,000 shares once options are exercised. For shareholders, it signals the company's effort to retain and incentivise employees through stock ownership, which can align management interests with long-term shareholder value.