57,340 Employee Stock Options Granted at Rs. 532 per Option under ESOP Scheme 2023

The Nomination and Remuneration Committee approved the grant of 57,340 ESOPs at an exercise price of Rs. 532/- per option under the RKF Limited Employee Stock Option Scheme 2023.

Tue 29 Sep 2026

ESOP Grant Quantity

57,340 Employee Stock Options

Exercise Price

Rs. 532/- per option

Discount to Market Price

25% discount to 15-day average closing price on NSE

Vesting Schedule

25% each year over 4 years

Exercise Period

Within 4 years of vesting

What happened

The Nomination and Remuneration Committee approved the grant of 57,340 Employee Stock Options to eligible employees under the RKF Limited Employee Stock Option Scheme 2023.

• Exercise price: Rs. 532/- per option
• Options come out of the previously expired, lapsed or un-exercisable pool
• Each option converts into one equity share of face value Rs. 2.00
• Total shares covered: 57,340 Equity Shares

How the price was set

Under the Scheme, the exercise price is based on the previous 15 days average closing market price before the grant date, with a permitted discount of up to 25%. The Committee applied a 25% discount to that average on NSE as on September 28, 2026, arriving at Rs. 532 per option.

Vesting and exercise

• 25% of options vest on the 1st anniversary of grant
• 25% on the 2nd anniversary
• 25% on the 3rd anniversary
• 25% on the 4th anniversary
• Vested options are exercisable within 4 years from the date of vesting

Minimum vesting period is 1 year and maximum 4 years from the grant date. Shares on exercise will be transferred by the Ramkrishna Forgings Limited Employee Welfare Trust. Options that lapse or become un-exercisable return to the pool for future grants.

Why it matters

ESOPs are a retention and incentive tool linking employee reward to the company's share performance. Since the shares are to be transferred from the Employee Welfare Trust, this is a routine, small-scale grant relative to the company's overall share capital.

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