Relaxo Footwears announced the cancellation of 2,200 stock options. These options, granted to one employee under the RFL Employee Stock Option Plan 2014, were cancelled on January 30, 2026, during a meeting of the Nomination and Remuneration Committee. The options had vested but were not exercised within the stipulated timeframe.
Stock Option Cancellation
On January 30, 2026, Relaxo Footwears’ Nomination and Remuneration Committee (NRC) decided to cancel certain stock options.
Details of Cancellation
A total of 2,200 stock options were cancelled. These options had been granted to a single employee as part of the 2nd phase of the RFL Employee Stock Option Plan 2014.
Reason for Cancellation
The cancelled stock options had vested. However, the employee did not exercise these options within the prescribed period. As a result, these options lapsed in accordance with the RFL Employee Stock Option Plan 2014. The cancellation became effective January 30, 2026.
Source: BSE
