Rattan India Enterprises Limited has announced the acquisition of an additional 0.19% equity stake in RattanIndia Power Limited (RPL) through a secondary purchase transaction. The acquisition was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The company acquired the additional stake for a cash consideration of Rs. 8,32,01,380. Following this transaction, RattanIndia Enterprises' shareholding in RPL has increased from 19.813% to 20.003%. This increase in shareholding has resulted in RPL becoming an associate company of RattanIndia Enterprises under applicable accounting standards and provisions of the Companies Act, 2013.

About RattanIndia Power Limited

RPL operates in the thermal power business and was incorporated on October 08, 2007. The company has maintained a significant presence in India's power sector with substantial revenue generation over the past three years.

Financial Performance

The total paid-up equity share capital of RPL stands at Rs. 5370,10,58,600, divided into 537,01,05,860 equity shares with a face value of Rs. 10 each.

Related Party Transaction

The acquisition qualifies as a related party transaction since RattanIndia Enterprises is one of the promoter companies of RPL. However, the equity shares were acquired through transactions executed on the National Stock Exchange at prevailing market prices, ensuring the transaction was conducted on an arm's length basis.

The promoter, promoter group, and group companies maintain an existing interest in RPL, with the acquirer previously holding 19.81% of the equity share capital. The recent acquisition reinforces the continued strategic interest of the promoter group in the thermal power entity.

Rattan India Enterprises Limited has announced a significant repricing of stock options under its Employee Stock Option Plan 2022, reducing the exercise price by over 38% to align with current market conditions. The decision was approved by the company's Nomination and Remuneration Committee during a meeting held on March 10, 2026.

Stock Option Repricing Details

The committee has approved the repricing of 54,00,000 existing granted unexercised stock options under the RattanIndia Enterprises Limited Employees Stock Option Plan 2022. The repricing involves a substantial reduction in the exercise price to make the options more attractive to employees.

Market Price Alignment

The new exercise price of Rs. 24.82 per equity share corresponds to the closing market price of the company's equity shares on the National Stock Exchange of India Limited as of March 9, 2026. This price was determined based on the previous trading day's closing price at the stock exchange with the highest trading volume, ensuring market-aligned pricing for the employee benefits.

Terms and Conditions

The repricing decision maintains continuity in other aspects of the stock option plan:

• The vesting schedule remains unchanged from the original ESOP 2022 terms
• All other terms and conditions of the stock options continue as previously established
• The options remain governed by the provisions of REL ESOP 2022
• The repricing complies with applicable regulatory framework requirements

Regulatory Compliance

The company has informed both BSE Limited and National Stock Exchange of India Limited about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The repricing also adheres to the applicable provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The Nomination and Remuneration Committee meeting was conducted efficiently, commencing at 03:00 P.M. and concluding at 03:10 P.M. on March 10, 2026. The decision reflects the company's commitment to maintaining competitive employee compensation structures aligned with current market realities.