Ritco Logistics Limited has informed the Exchange regarding 'Intimation Regarding Stock Options under PRAGATI KI AUR Employee Stock Option Plan 2022 & 2023'.
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Ritco Logistics informed the exchanges that 7,500 unvested stock options under the 'Pragati Ki Aur' ESOP 2022 and 85,000 unvested options under the 'Pragati Ki Aur-II' ESOP 2023 have been cancelled. These options belonged to employees who left the company and surrendered their grants. The Nomination and Remuneration Committee approved the cancellation on March 30, 2026. After this cancellation, outstanding options stand at 1,39,750 under ESOP 2022 and 1,15,000 under ESOP 2023.
This is a routine administrative disclosure and is not material to shareholders. The cancellation of unvested options from departing employees marginally reduces potential future share dilution from these specific grants, with no financial cost to the company.