News Corporate Actions Relaxo Footwears Cancels 2,200 Stock Options Under Employee Stock Option Plan 2014Relaxo Footwears Cancels 2,200 Stock Options Under Employee Stock Option Plan 2014
Relaxo Footwears Limited cancelled 2,200 stock options from its Employee Stock Option Plan 2014 on January 30, 2026. The options, granted to one employee under the plan's second phase, had vested but remained unexercised within the prescribed period, leading to their automatic lapse. The cancellation was approved by the Nomination and Remuneration Committee and disclosed under SEBI listing regulations.
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Relaxo footwears Limited has announced the cancellation of 2,200 stock options under its Employee Stock Option Plan 2014, following regulatory disclosure requirements. The decision was made by the company's Nomination and Remuneration Committee during its meeting held on January 30, 2026.
Stock Option Cancellation Details
The cancelled options were part of the second phase of RFL Employee Stock Option Plan 2014 and were granted to a single employee. According to the company's disclosure, these stock options had already vested but remained unexercised by the employee within the prescribed period, leading to their automatic lapse under the plan's terms and conditions.
| Parameter: | Details |
|---|---|
| Options Cancelled: | 2,200 |
| Number of Employees Affected: | 1 |
| Plan Phase: | 2nd phase of RFL Employee Stock Option Plan 2014 |
| Status: | Vested but unexercised |
| Decision Date: | January 30, 2026 |
Regulatory Compliance
The cancellation was disclosed to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Ankit Jain, Company Secretary and Compliance Officer, ensuring proper adherence to regulatory requirements.
ESOP Plan Framework
The Employee Stock Option Plan 2014 operates under specific guidelines that govern the vesting and exercise periods for granted options. When employees fail to exercise their vested options within the stipulated timeframe, the options automatically lapse according to the plan's provisions. This mechanism ensures proper management of the company's equity compensation structure while maintaining compliance with established protocols.
Historical Stock Returns for Relaxo Footwears
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.03% | -2.36% | -4.93% | -25.90% | -19.76% | -59.05% |
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