Raymond Limited has announced the approval of a grant of 1,87,056 stock options to an eligible employee. This grant is made under the ‘Raymond Limited Employees Stock Option Plan 2023’ (RL ESOP 2023). The options are being issued from a recycled pool following the exit of other eligible employees. The exercise price for these options is set at ₹740.85 per option.
Employee Stock Option Grant Approved
Raymond Limited has officially approved the grant of a substantial number of stock options to one of its eligible employees. The approval, passed by the Nomination and Remuneration Committee, involves 1,87,056 stock options to be granted under the company’s ‘Raymond Limited Employees Stock Option Plan 2023’ (RL ESOP 2023).
Details of the Grant
These stock options are being issued from a pool of options that became available due to the exit of other eligible employees since the inception of the ESOP scheme. The grant price for each option has been fixed at ₹740.85. This price is not less than the market price, specifically the closing price on the National Stock Exchange of India Limited as of September 4, 2026.
Vesting and Exercise Period
The options granted can be exercised within a period of five years from the date of their respective vesting. Further details regarding the grant, including the pricing formula and exercise period, are available on the company’s website.
Source: BSE
