Intimation of grant of Employee Stock Options under "RML Employee Stock Option Plan 2024".
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Rose Merc Ltd's Compensation Committee has granted 10,00,000 (Ten Lakhs) stock options to 1 eligible employee under the 'RML Employee Stock Option Plan 2024', approved under SEBI (SBEBSE) Regulations, 2021. Each option is convertible into one equity share of face value Rs. 10, at an exercise price of Rs. 72 per option. The options will vest after 1 year from the grant date and can be exercised within 4 years from the date of vesting. The allotted shares will rank pari-passu with existing equity shares and will not be subject to any lock-in period.
This is a routine ESOP grant disclosure with no immediate dilution since no options have been exercised yet. Once vested and exercised, it could lead to mild dilution of existing shareholders' equity, but the impact is limited given the small number of grantees.