Ramkrishna Forgings Limited announced that its Nomination and Remuneration Committee approved the vesting of Employee Stock Options (ESOPs) under the 2023 scheme on March 26, 2026. A total of 165,176 ESOPs were approved for vesting. This includes 164,413 options exercisable at ₹556 per share and 763 options exercisable at ₹687 per share. Vested options must be exercised within four years from the vesting date.
ESOP Vesting Approved by Committee
Ramkrishna Forgings Limited confirmed that its Nomination and Remuneration Committee convened on Thursday, March 26, 2026, to approve the vesting of stock options granted under the ‘RKF Limited Employee Stock Option Scheme 2023’.
Details of Options Vested
The committee approved the vesting of a cumulative total of 165,176 Employee Stock Options (ESOPs) for eligible company employees. These break down based on their respective exercise prices:
- 164,413 ESOPs approved for vesting at an exercise price of Rs. 556/- per ESOP.
- 763 ESOPs approved for vesting at an exercise price of Rs. 687/- per ESOP.
These ESOPs originated from two separate grants:
- 8,07,861 ESOPs granted on February 21, 2024, with an exercise price of Rs. 556/-.
- 3,051 ESOPs granted on January 16, 2025, with an exercise price of Rs. 687/-.
The vesting breakdown confirms the vesting of 164,413 options at Rs. 556/- and 763 options at Rs. 687/-.
Exercise Period
The document specifies that the options that have now vested must be exercised by the eligible employees within a defined window. The vested options shall be exercised within a period of 4 years from the date of vesting of such Options. No money was realized from the exercise of options on the date of this announcement, and the total number of shares arising from the exercise is currently Not Applicable.
Source: BSE
