RattanIndia Enterprises Limited announced the repricing of 54,00,000 existing unexercised stock options under the REL ESOP 2022 scheme. The Nomination and Remuneration Committee approved reducing the exercise price from Rs. 40.18 to Rs. 24.82 per equity share. This revision aligns the exercise price with the recent market closing price on March 9, 2026. All other terms, including the vesting schedule, remain unchanged following the approval on March 10, 2026.
Stock Option Repricing Approved
RattanIndia Enterprises Limited has officially confirmed the repricing of a substantial number of its granted but unexercised employee stock options. The Nomination and Remuneration Committee convened on March 10, 2026, to approve this revision concerning the RattanIndia Enterprises Limited Employees Stock Option Plan – 2022 (“REL ESOP 2022”). The Committee approved the repricing of 54,00,000 existing unexercised stock options.
Change in Exercise Price
The options were initially granted on December 18, 2025, with an original exercise price set at Rs. 40.18 per equity share. Due to the ongoing market performance, the Committee exercised its authority to revise this price. The new exercise price has been set at Rs. 24.82 per equity share. This revised figure corresponds directly to the closing market price of the company’s equity shares on the National Stock Exchange of India Limited as of March 9, 2026, which was the preceding trading day with the highest trading volume.
Terms and Compliance
It is important to note that the vesting schedule and all other established terms and conditions governing these stock options will remain unchanged, continuing to be governed by the provisions of REL ESOP 2022. The company confirmed that this repricing action has been approved in compliance with the REL ESOP 2022 framework and the relevant regulatory requirements. The Committee meeting officially commenced at 03:00 P.M. and concluded at 03:10 P.M. on the date of the announcement.
Source: BSE
