Raymond Realty grants 6.98 lakh stock options at ₹404.80
Raymond Realty has granted 6,98,567 stock options to eligible employees under the Raymond Realty Employees Stock Option Plan 2025, approved by the Nomination and Remuneration Committee on June 05, 2026. The options, priced at ₹404.80 each, are linked to financial metrics including Cumulative Consolidated Thane Revenue and PBT, with 2,31,835 options vesting immediately.
*this image is generated using AI for illustrative purposes only.
Raymond Realty has granted 6,98,567 stock options to eligible employees under the Raymond Realty Employees Stock Option Plan 2025. The Nomination and Remuneration Committee approved the grant on June 05, 2026. The options are available to employees and options holders currently holding options under the Raymond Employees Stock Option Plan 2023. This move aims to incentivize employees by linking their rewards to the company's performance and growth.
The options have an adjusted exercise price of ₹404.80 per option, calculated post-demerger. Each option corresponds to one equity share of the company with a face value of ₹10. The vesting of these options is tied to specific financial metrics, including Cumulative Consolidated Thane Revenue, Cumulative Consolidated Non-Thane Revenue, and Cumulative Consolidated PBT. The vesting period accounts for the time lapsed since the original grant date at Raymond Limited, with a maximum cap of five years.
A total of 2,31,835 stock options have vested immediately. The remaining options will vest based on time and performance criteria as outlined in the grant letter. The Nomination and Remuneration Committee acts as the Compensation Committee for supervising the ESOP Scheme, while a Trust administers it under the committee's guidance. The scheme allows the Trust to acquire shares through fresh issuance or secondary acquisition.
The disclosure confirms that the scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company stated that details regarding options exercised, lapsed, or money realized are not applicable at this stage. The information is available on the company's website and has been submitted to the stock exchanges.
Key Details of ESOP Grant
| Particulars | Details |
|---|---|
| Total Options Granted | 6,98,567 |
| Exercise Price | ₹404.80 per option |
| Face Value | ₹10 per share |
| Vesting Period | Up to 5 years |
| Vested Options | 2,31,835 |
The vesting conditions are strictly linked to key financial parameters, ensuring alignment with the company's strategic objectives. The maximum vesting period is capped at five years from the original grant date at Raymond Limited.
Historical Stock Returns for Raymond Realty
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.68% | +4.90% | +28.68% | +20.59% | -37.88% | -37.88% |
How will the dilution of equity from the potential exercise of these 6,98,567 options impact existing shareholders?
What specific targets for Cumulative Consolidated Thane and Non-Thane Revenue must be met to trigger the full vesting of the remaining options?
How does the adjusted exercise price of ₹404.80 compare to the company's current valuation and future growth projections?
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