Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 intimation of grant of Employee Stock Options is disclosed herewith
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Rose Merc Limited has granted a total of 45,00,000 (45 lakh) employee stock options on May 15, 2025, following a decision by its Compensation Committee. Of these, 5,00,000 options were given to one eligible employee under the RML ESOP II 2023 plan, and 40,00,000 options were given to four eligible employees under the RML ESOP 2024 plan. Each option is convertible into one equity share of Rs. 10 face value at an exercise price of Rs. 50 per option. The options will vest after one year from the grant date and can be exercised within four years of vesting. The ESOP schemes are compliant with SEBI (SBEBSE) Regulations, 2021, and shares issued upon exercise will not be subject to any lock-in period.
The grant of 45 lakh options represents a potential dilution of up to 45 lakh equity shares for existing shareholders once these options are exercised. However, the dilution is contingent on vesting and exercise over the coming years, so it is not an immediate impact on shareholding. The exercise price of Rs. 50 is above the face value of Rs. 10, which means the company will raise fresh capital when options are exercised, but shareholders should monitor potential future dilution.