
Clarification15 Jul 2026, 07:01 pm
Rose Merc Ltd Corrects ESOP Plan Name in Board Meeting Outcome
AI Summary
Rose Merc Ltd has issued a clarification regarding a typographical error in its previous board meeting outcome submission dated July 14, 2026. The company is correcting the name of the employee stock option plan from "RML Employee Stock Option Plan 2023" to "RML Employee Stock Option Plan II 2023". This correction pertains to the grant of up to 3,50,000 employee stock options to Mr. Jaymin Bipinchandra Patel, Senior Vice President – Marketing. The details of the grant, including the number of options and the recipient, remain as previously approved by the Compensation Committee and the Board.
Key Highlights
- Correction of Employee Stock Option Plan name.
- Grant of up to 3,50,000 ESOPs approved.
- Mr. Jaymin Bipinchandra Patel is the recipient.
- Plan name corrected to RML Employee Stock Option Plan II 2023.
Price Impact
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