Relaxo Footwears has announced the immediate resignation of Chief Financial Officer Prince Jain from his position, effective from the closure of business hours on March 11, 2026. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

The resignation announcement provides comprehensive details about the leadership change:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India about the resignation. Prince Jain served as both CFO and Key Managerial Personnel (KMP) of the company, making this a significant executive departure requiring immediate regulatory notification.

In his resignation letter, Prince Jain expressed gratitude for the company's support during his tenure and acknowledged the collaborative experience with colleagues and leadership. He extended wishes for Relaxo's continued success in the future.

Leadership Transition Impact

The immediate nature of the resignation means Relaxo Footwears will need to quickly address the CFO succession to ensure continuity in financial operations and reporting functions. The company's regulatory filing indicates the resignation has been accepted, with the departure formalized through proper documentation and statutory procedures.

The departure of a senior executive in the CFO role typically requires companies to implement interim arrangements while conducting the search for a permanent replacement to maintain operational stability.

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.

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.