Ritco Logistics Limited — Important, 15-02-2025: Updates

One employee of Ritco Logistics Limited has discontinued their service, resulting in the cancellation of 2,500 unvested stock options. As of now, there are 2,34,500 outstanding stock options under the "PRAGATI KI AUR" Employee Stock Option Plan 2022. The company has also approved the grant of 1,00,000 stock options under the "Pragati Ki Aur-II" Employee Stock Option Plan 2023 to select employees, which brings the total outstanding stock options under this plan to 1,95,000. This move could enhance employee retention and motivation, signaling a strategic focus on talent engagement as the company continues to evolve.