RateGain Travel Technologies Limited announced the grant of 40,183 Stock Appreciation Rights (SARs) under its SAR Scheme 2022, following approval by the Nomination and Remuneration Committee on February 08, 2026. The grants are distributed across three tranches with varying grant prices, ranging from Rs.651.5 to Rs.667.45 per SAR unit. All units are subject to a four-year vesting period with scheduled annual vesting milestones.
Employee Stock Appreciation Rights Grant Approved
RateGain Travel Technologies Limited has formally disclosed the issuance of 40,183 Stock Appreciation Rights (SARs) under the ‘RateGain – Stock Appreciation Rights Scheme – 2022’ (SAR-2022). This approval was granted by the Nomination and Remuneration Committee on February 08, 2026.
Details of SAR Grants
The total grant of 40,183 SAR Units is segmented into three distinct allocations, each tied to the SAR, 2025 Plan, featuring different exercise prices and vesting schedules:
Grant Tranche 1
- SAR Units Granted: 9,462
- SAR Price: Rs.659.9/- per SAR unit
- Vesting Period: 4 years from the date of grant
- Vesting Schedule: 10% Y1, 20% Y2, 30% Y3, 40% Y4
- Exercise Period: Within three (3) years from the date of vesting of SAR Units.
Grant Tranche 2 (Largest Allocation)
- SAR Units Granted: 22,202
- SAR Price: Rs.667.45 per SAR unit
- Vesting Period: 4 years from the date of grant
- Vesting Schedule: 10% Y1, 20% Y2, 30% Y3, 40% Y4
- Exercise Period: Within three (3) years from the date of vesting of SAR Units.
Grant Tranche 3
- SAR Units Granted: 8,519
- SAR Price: Rs.651.5 per SAR unit
- Vesting Period: 4 years from the date of grant
- Vesting Schedule: 10% Y1, 20% Y2, 30% Y3, 40% Y4
- Exercise Period: Within three (3) years from the date of vesting of SAR Units.
Vesting and Exercise Summary
Across all three tranches, the SAR Units are structured with a uniform four-year vesting period, commencing from the grant date of February 08, 2026. The vesting follows a phased approach, starting with 10% in Year 1 and culminating in 40% in Year 4. Once vested, the recipient has a window of three years to exercise their rights.
Source: BSE
