Rategain Travel Technologies Limited — Important, 13-02-2025: General Updates

The Nomination and Remuneration Committee has approved the grant of 50,541 Stock Appreciation Rights (SARs) under the RateGain - Stock Appreciation Rights Scheme – 2022. Each SAR is priced at Rs. 636, determined by the closing market price of RateGain shares on the NSE as of the previous day. The vesting period spans four years, with a schedule of 10% vesting in the first year, 20% in the second, 30% in the third, and 40% in the fourth. SAR units can be exercised within three years from the respective vesting date. This move is aimed at aligning employee interests with company performance, potentially enhancing productivity and retention.