News Corporate Actions RIR Power Electronics Grants 7.5 Lakh Employee Stock Options Under ESOP 2025 SchemeRIR Power Electronics Grants 7.5 Lakh Employee Stock Options Under ESOP 2025 Scheme
RIR Power Electronics Limited's Nomination and Remuneration Committee approved the grant of 7,50,000 employee stock options under the ESOP 2025 scheme on February 13, 2026. The options carry an exercise price of ₹100 each and are convertible into equity shares with ₹2 face value. The vesting schedule spans 36 months with 33% vesting after the first year, followed by monthly vesting of 2.75% and 2.833% in subsequent years. Employees can exercise vested options within four years of vesting completion, with the scheme complying with SEBI regulations.
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RIR Power Electronics Limited has announced the grant of 7,50,000 employee stock options under its newly established ESOP 2025 scheme. The company's Nomination and Remuneration Committee approved this grant during its meeting held on February 13, 2026, as part of the "RIR Power Electronics Limited Employees Stock Ownership Plan – 2025."
ESOP Grant Details
The granted stock options are designed to provide eligible employees with ownership participation in the company's growth. Each option can be converted into one equity share of the company with a face value of ₹2 per share.
| Parameter: | Details |
|---|---|
| Total Options Granted: | 7,50,000 |
| Exercise Price: | ₹100 per option |
| Face Value per Share: | ₹2 |
| Convertible Shares: | 7,50,000 equity shares |
| Approval Date: | February 13, 2026 |
Vesting Schedule and Terms
The ESOP 2025 scheme features a structured vesting schedule spread over 36 months to ensure employee retention and long-term commitment. The vesting follows a graduated approach with different percentages allocated across three distinct periods.
| Vesting Period: | Percentage | Monthly Options | Timeline |
|---|---|---|---|
| Year 1: | 33% | - | 12 months from grant date |
| Year 2: | 2.75% monthly | 20,625 options | Months 13-24 |
| Year 3: | 2.833% monthly | 21,250 options | Months 25-36 |
Exercise and Compliance Framework
Once the options vest, eligible employees have a four-year window to exercise their vested options from the date of completion of vesting. The scheme operates under the oversight of the Nomination and Remuneration Committee, which serves as the designated Compensation Committee for the ESOP 2025 plan.
The company confirmed that the scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The grant is based on eligibility criteria specified within the scheme framework, ensuring fair distribution among qualified employees.
Current Status
As this represents the initial grant under the ESOP 2025 scheme, several parameters remain not applicable at this stage, including options exercised, money realized from exercises, shares arising from option exercises, lapsed options, and any variations in terms. The company will provide updates on these metrics as the scheme progresses through its vesting and exercise phases.
The implementation of this employee stock option scheme demonstrates the company's commitment to aligning employee interests with shareholder value creation and fostering long-term employee engagement in the organization's growth trajectory.
