We hereby inform you that pursuant to Regulation 30 of SEBI (LODR) Regulation 2015, the Nomination, Remuneration and Compensation Committee at its meeting held on today, i.e. 16th June ....
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The Nomination, Remuneration and Compensation Committee of RMC Switchgears Ltd, at its meeting on 16th June 2025, approved the grant of 3,000 stock options to eligible employees under the company's ESOP Scheme 2024. Each option gives the right to subscribe to one equity share of Rs. 10 face value, with a vesting period of 1 to 7 years from the grant date and a 5-year exercise window after vesting. The pricing formula is as per clause 12 of the ESOP Scheme 2024, though the specific exercise price is not disclosed in this filing. No options have been exercised or lapsed yet, and no money has been realized, as this is the initial grant under the scheme.
The ESOP grant size of 3,000 shares is very small, so dilution and impact on existing shareholders will be minimal. This is a routine employee incentive disclosure with no material effect on the stock price.