Relaxo Footwears Limited has announced the approval of 5,03,500 employee stock options by its Nomination and Remuneration Committee. These options, convertible into equity shares of face value Rs. 1/- each, are granted under the Phase-V of the RFL ESOP Plan-2014. The exercise price is based on the latest closing price prior to the committee meeting.
Employee Stock Option Grant Approved
Relaxo Footwears Limited has formally announced the approval of a significant employee stock option (ESO) grant. The company’s Nomination and Remuneration Committee, in a meeting held on Thursday, August 13, 2026, sanctioned the issuance of 5,03,500 ESOs. These options are convertible into an equal number of equity shares of the company, each with a face value of Rs. 1/-. This grant is part of the Phase-V of the RFL ESOP Plan-2014 and is intended for eligible employees.
Scheme Details and Vesting
The approved scheme, known as the RFL Employee Stock Option Plan 2014 (“ESOP 2014”), is in line with the erstwhile SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. The total number of equity shares covered by these options amounts to 5,03,500. The exercise price for these options will be determined by the latest available closing price on the stock exchange where the company’s shares are most actively traded, just prior to the committee’s meeting date. While the options are vested, the document states that all vested options shall be exercisable within a maximum period of 4 years from their respective vesting dates. There are no options exercised or lapsed at this time.
Administration and Pricing
The ESOP 2014 is administered by the Nomination and Remuneration Committee of the Board of Directors. The grant of these options is contingent upon meeting specific eligibility criteria outlined in the Scheme. The company clarified that the document does not include details on money realized by exercise of options, total number of shares arising as a result of exercise of options, or any variation of terms of options, as these are not currently applicable.
Source: BSE
