Ramkrishna Forgings has announced the approval of vesting for 165,176 Employee Stock Options (ESOPs) under the ‘RKF Limited Employee Stock Option Scheme 2023’. The decision was made by the company’s Nomination and Remuneration Committee during a meeting held on March 26, 2026.
The approved vesting includes 164,413 ESOPs at an exercise price of ₹556 per option and 763 ESOPs at an exercise price of ₹687 per option. These options are part of a larger grant, which initially included 807,861 ESOPs granted on February 21, 2024, and an additional 3,051 ESOPs granted on January 16, 2025.
According to the details provided, the vested options must be exercised within a period of four years from the date of vesting. The scheme is in compliance with the SEBI (Share Based Employee Benefits) Regulations, 2021.
The announcement also clarified that the total number of shares covered by these options will not exceed the number of options granted. However, specific details regarding the options exercised, the money realised from the exercise of options, and the total number of shares arising from the exercise were not applicable at this stage.
Ramkrishna Forgings has made this information available on its official website for public access.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).