Ratnamani Metals & Tubes Limited , a key player in the Indian metal industry, has made a significant move to incentivize its workforce. The company's Nomination and Remuneration Committee has approved the grant of 5,74,578 employee stock options (ESOPs) under the Ratnamani Employee Stock Option Scheme 2024 (RMTL ESOS 2024) for Grant II.

Key Details of the ESOP Grant

Pricing and Compliance

The exercise price of Rs. 1,836.00 per option was determined using a pricing formula that allows for up to a 25% discount from the market price. The closing price on November 4, 2025, on the National Stock Exchange of India Limited (NSE) was used as a reference for this calculation.

Ratnamani Metals & Tubes has confirmed that the RMTL ESOS 2024 scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This adherence ensures that the company's ESOP program aligns with regulatory standards, providing transparency and fairness in its implementation.

Shareholder Approval and Implementation

The ESOP scheme received authorization from shareholders at the company's 40th Annual General Meeting held on August 27, 2024. This approval paved the way for the current grant, demonstrating the company's commitment to aligning employee interests with those of the shareholders.

Implications for Employees and the Company

The grant of ESOPs serves as a tool for employee retention and motivation. By offering a stake in the company's future growth, Ratnamani Metals & Tubes aims to foster a sense of ownership among its workforce. This move may potentially lead to increased productivity and loyalty, as employees stand to benefit directly from the company's success in the stock market.

For investors, this development signals the company's focus on long-term growth and employee engagement. The vesting period of up to five years indicates a strategy aimed at retaining talent and ensuring sustained performance over time.

As the metal industry continues to evolve, Ratnamani Metals & Tubes' decision to implement this ESOP scheme could be seen as a strategic move to maintain its competitive edge in attracting and retaining skilled professionals in a dynamic market environment.

Ratnamani Metals & Tubes Limited (RMTL) has finalized the acquisition of the remaining 40% stake in its Swiss subsidiary, Ratnamani Trade EU AG, transforming it into a wholly-owned subsidiary. The transaction, completed on September 24, 2025, involved the purchase of 40,000 shares at 10 Euros each, totaling 400,000 Euros from Technoenergy AG, Switzerland.

Acquisition Details

• Subsidiary: Ratnamani Trade EU AG, Luzern, Switzerland
• Shares Acquired: 40,000 shares
• Price per Share: 10 Euros
• Total Transaction Value: 400,000 Euros
• Completion Date: September 24, 2025

About Ratnamani Trade EU AG

Ratnamani Trade EU AG serves as an exclusive trading house for importing and distributing stainless steel products manufactured by RMTL in Europe. The subsidiary aims to enhance RMTL's local presence, branding, and customer service in the European market.

• Incorporation Date: December 14, 2023
• Share Capital: 1,000,000 Euros

Financial Performance

Ratnamani Trade EU AG has shown significant growth since its inception:

Transaction Classification

The acquisition is classified as a related party transaction, as Technoenergy AG is a joint venture partner in another RMTL subsidiary, Ratnamani Finow Spooling Solutions Private Limited, holding a 49% stake.

Strategic Implications

RMTL's decision to acquire the remaining stake in Ratnamani Trade EU AG aligns with its long-term interests and commercial strategy. By making the Swiss entity a wholly-owned subsidiary, RMTL aims to strengthen its control over European distribution operations and potentially enhance its market position in the region.

The acquisition is expected to support RMTL's objectives of developing a stronger local presence, improving branding, and providing superior service to European customers. Additionally, maintaining stock of key products in Europe will enable RMTL to meet faster delivery commitments in the market.

As per the regulatory filing, RMTL completed the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring transparency in the acquisition process.