Ratnamani Metals & Tubes grants over 5.7 lakh employee stock options

Ratnamani Metals & Tubes Ltd. has approved the grant of 574,578 Employee Stock Options (ESOs) to eligible employees under its Ratnamani Employee Stock Option Scheme 2024 (RMTL ESOS 2024), specifically under "Grant II." This decision was made by the Nomination and Remuneration Committee on November 6, 2025, subsequent to shareholder approval at the 40th Annual General Meeting held on August 27, 2024.

The granted options are for equity shares with a face value of INR 2/- each and are priced at INR 1,836/- per option. This exercise price is determined by a formula in the scheme, allowing for a discount of up to 25% from the market price, with the closing price on November 4, 2025, on the National Stock Exchange of India Limited serving as the reference.

The scheme fully complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Vested options will be exercisable within a one-year period from their vesting date, and the options themselves will vest no earlier than one year and no later than five years from the grant date.