Ritco Logistics Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 Revision inVesting Schedule under ESOP Plan'.
RITCO · price
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Ritco Logistics' Nomination and Remuneration Committee (NRC), at its meeting on March 30, 2026, approved a revision in the vesting schedule of stock options under the company's ESOP Plan. This follows shareholder approval obtained via postal ballot on March 17, 2026, which authorised the NRC to modify vesting schedules without further shareholder approval. Under the earlier schedule, 50% of options vested at the end of the 3rd year and 50% at the end of the 4th year, with 25% under lock-in until the 5th year. Under the revised schedule, 50% will still vest at the end of the 3rd year, but the remaining 50% has been pushed back to the end of the 5th year. The exercise price, total number of options, and eligible employees remain unchanged, and the revision applies only to unvested options.
For shareholders, this defers a portion of employee option vesting by one year (from year 4 to year 5), which may help with longer-term employee retention and slightly delays potential dilution, though the total dilution and exercise price are unchanged. Overall, the impact on the stock is neutral — it is an administrative change to the ESOP plan rather than a value-altering event.