Rose Merc corrects ESOP plan name in Board meeting outcome
Rose Merc Limited corrected a typographical error in its Board meeting outcome submitted on July 14, 2026, changing the plan name to RML Employee Stock Option Plan II 2023. The Board granted 3,50,000 options to Mr. Jaymin Bipinchandra Patel, exceeding 1% of the paid-up equity share capital.
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Rose Merc Limited has corrected a typographical error in its Board meeting outcome submitted on July 14, 2026, regarding the name of its Employee Stock Option Plan. The company clarified that the plan approved for granting options is the RML Employee Stock Option Plan II 2023, not the RML Employee Stock Option Plan 2023 as previously stated. The Board granted 3,50,000 employee stock options under this plan to Mr. Jaymin Bipinchandra Patel, Senior Vice President – Marketing. This grant exceeds 1% of the paid-up equity share capital of the company and was recommended by the Compensation Committee.
The correction specifically pertains to Item No. 6 and Annexure VI of the earlier filing. The revised details confirm that the type of securities is the RML Employee Stock Option Plan II 2023, and the tenure or conversion will be as per the terms specified in this plan. The issue price for these options will be decided by the Compensation Committee on the date of the grant.
ESOP Allotment Details
The correction specifies the allocation of options to the designated employee.
| Sr. No | Name of the ESOP Grantee | No. of Employee Stock Options to be granted | Category |
|---|---|---|---|
| 1 | Mr. Jaymin Bipinchandra Patel | 3,50,000 | Non-Promoter |
| Total | 3,50,000 |
Historical Stock Returns for Rose Merc
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.16% | -3.05% | -1.35% | -7.43% | -36.16% | +1,641.94% |
What is the anticipated vesting schedule and exercise price for these options once determined by the Compensation Committee?
Does this large grant to a senior executive signal a broader strategy to retain key leadership talent or expand marketing capabilities?
Will Rose Merc Limited look to expand the RML Employee Stock Option Plan II 2023 pool to include other employees in the near future?
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