Ramkrishna Forgings Limited announced that its Nomination and Remuneration Committee has approved the grant of 5,50,000 Employee Stock Options (ESOPs). These options will be granted under the ‘RKF Limited Employee Stock Option Scheme 2023’ at an exercise price of ₹598 per option. This move is intended to incentivize and retain eligible employees.
ESOP Grant Approved
Ramkrishna Forgings Limited has received approval from its Nomination and Remuneration Committee for the grant of a significant number of Employee Stock Options (ESOPs). The committee met on October 29, 2026, and sanctioned the issuance of 5,50,000 ESOPs to eligible employees of the company. This grant falls under the established ‘RKF Limited Employee Stock Option Scheme 2023’.
Key Grant Details
The exercise price for each of these ESOPs has been fixed at ₹598. This price was determined based on the average closing Market Price of the company’s equity shares on the National Stock Exchange of India Limited (NSE) over the 15 days prior to the grant date, with a discount of approximately 10% applied. The ESOPs are intended to align employee interests with shareholder value.
Scheme and Vesting
The ESOPs are governed by the terms of the ‘RKF Limited Employee Stock Option Scheme 2023’. Options granted will vest over a period, with 25% of the options vesting on the first, second, third, and fourth anniversaries from the date of the grant. Vested options can be exercised within a period of 4 years from their respective vesting dates. The total number of shares covered by these options amounts to 5,50,000 equity shares, each with a face value of ₹2.00.
Source: BSE
