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.

RattanIndia Enterprises Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing significant losses primarily attributed to fair value changes in its investment portfolio. The company's Board of Directors approved these results at their meeting held on February 12, 2026.

Consolidated Financial Performance

The company's consolidated financial performance for Q3FY26 shows substantial losses driven by investment valuation adjustments:

For the nine-month period ended December 31, 2025, the company reported a consolidated net loss of ₹562.47 million compared to a profit of ₹4,392.23 million in the corresponding period of the previous year.

Investment Portfolio Impact

The primary driver of the company's losses was an unrealized loss of ₹1,893.85 million on its investment in RattanIndia Power Limited equity shares, arising from movements in quoted market prices. This represents a significant fair value adjustment under Ind AS 109 accounting standards.

Segment-wise Performance

The company's business segments showed mixed performance during the quarter:

Retail E-commerce Business: Generated revenue of ₹19,767.28 million with segment results of ₹522.82 million, showing improved profitability compared to ₹271.23 million in Q3FY25.

EV (E-Motorcycles): Reported revenue of ₹269.79 million but recorded a segment loss of ₹116.84 million, reflecting ongoing challenges in the electric vehicle segment.

Investment Segment: Recorded a significant loss of ₹1,893.85 million due to fair value adjustments on investment holdings.

Standalone Results

On a standalone basis, RattanIndia Enterprises reported a net loss of ₹1,704.23 million for Q3FY26 compared to ₹1,582.29 million in Q3FY25. The standalone results also reflect the impact of fair value changes in investment valuations.

Corporate Developments

During the quarter, the company incorporated a new step-down subsidiary, Neorise Global Trading L.L.C-S.O.C, in mainland Dubai to pursue e-commerce activities in the Middle East region. The subsidiary has entered into an agreement with 'Noon', a leading Gulf region e-commerce platform.

The company also granted 5,400,000 stock options under the RattanIndia Enterprises Limited Employees Stock Option Plan 2022 to eligible employees during the quarter.

Regulatory and Legal Updates

The company successfully defended against Canara Bank's application under the Insolvency and Bankruptcy Code, with the NCLT disposing of the application in the company's favor on December 09, 2025. However, Canara Bank has filed an appeal with NCLAT, which remains pending.

RattanIndia Enterprises continues to operate as an "Unregistered Core Investment Company" focusing on technology-driven new-age businesses including retail e-commerce, electric vehicles, fintech, and drones through its subsidiary companies.