Rose Merc Ltd Corrects ESOP Plan Name in Board Outcome Filing
Rose Merc Ltd has issued a revised outcome following a board meeting held on July 14, 2026. The revision corrects a typographical error in the name of the Employee Stock Option Plan. The plan, previously misstated as 'RML Employee Stock Option Plan 2023', is now correctly identified as '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 grant, which exceeds 1% of the company's paid-up equity share capital, was approved by the Board upon recommendation from the Compensation Committee. Details in Item No. 6 and Annexure VI of the original filing have been amended accordingly.
Key Highlights
- Rose Merc Ltd corrects a typographical error in its board outcome filing.
- The ESOP plan name is corrected from 'RML Employee Stock Option Plan 2023' to 'RML Employee Stock Option Plan II 2023'.
- Up to 3,50,000 employee stock options will be granted.
- The options are granted to Mr. Jaymin Bipinchandra Patel, SVP – Marketing.
- The grant exceeds 1% of the company's paid-up equity share capital.
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