<h1>Ritco Logistics Updates ESOP Status Following Plan Adjustments and New Grants</h1>
Ritco Logistics Ltd has provided details regarding its Employee Stock Option Plans (ESOPs), reporting the cancellation of options from an earlier plan and confirming a significant new grant under the 'PRAGATI KI AUR -II' ('ESOP Plan 2023').
The company reported that 2,500 unvested stock options granted under the 'PRAGATI KI AUR' Employee Stock Option Plan 2022 were cancelled. This cancellation followed an employee who discontinued their service and surrendered these options.
As of the reporting date, the total number of stock options outstanding under the 'PRAGATI KI AUR' Employee Stock Option Plan 2022 stands at 137,250.
Furthermore, the Nomination and Remuneration Committee approved the issuance of a new batch of grant letters encompassing 73,000 stock options (each option exercisable into one equity share) under the 'PRAGATI KI AUR -II' ('ESOP Plan 2023').
This action updates the outstanding ESOP count for the newer plan. The total number of stock options currently outstanding under the Employee Stock Option Plan Pragati Ki Aur-II stands at 312,000.
The details of the operational status of the Employee Stock Option Plans are summarized below:
| Plan Name | Action/Status | Options (Count) |
|---|---|---|
| 'PRAGATI KI AUR' ESOP Plan 2022 | Total Outstanding | 137,250 |
| 'PRAGATI KI AUR -II' ESOP Plan 2023 | Newly Granted Options | 73,000 |
| 'PRAGATI KI AUR -II' ESOP Plan 2023 | Current Total Outstanding | 312,000 |
RITCO Stock Price Movement
Ritco Logistics Limited shares edged higher on Friday, gaining 0.95% to settle at ₹297.20 in the previous trading session. The stock saw a total traded volume of 196,846 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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