RateGain Travel Technologies has approved the grant of 67,631 equity shares to its employees under the RateGain Employee Stock Purchase Scheme – 2023, effective March 26, 2026. The offer price is set at Rs. 750 per share. The granted shares are subject to a 4-year vesting period, with phased release, followed by a three-year exercise window.
Equity Grant Under ESPS 2023
RateGain Travel Technologies Limited announced on March 26, 2026, the approval by its Nomination and Remuneration Committee to grant equity shares under the RateGain Employee Stock Purchase Scheme – 2023 (the ‘Scheme’). A total of 67,631 (Sixty Seven Thousand Six Hundred and Thirty One Only) equity shares have been offered and granted.
Key Terms of the Grant
The essential details regarding the grant are summarized below:
- Scheme Name: RateGain ESPS Scheme – 2023
- Shares Granted: 67,631
- Offer/Grant Price: Rs. 750 /- per share
Vesting and Exercise Schedule
The granted shares are subject to specific timelines for lock-in, vesting, and exercise:
- Lock-in/Vesting Period: The total vesting period is 4 years. The release of shares occurs after this 4-year lock-in period, structured as follows:
- Year 1 (Y1): 10% release
- Year 2 (Y2): 20% release
- Year 3 (Y3): 30% release
- Year 4 (Y4): 40% release
- Exercise Period: Employees will have a Three (3) years period following the vesting schedule to exercise their options.
This action is formalized by the Company Secretary and Compliance Officer, Mukesh Kumar, ensuring compliance with relevant corporate governance standards.
Source: BSE
