Rategain Travel Technologies Limited — Others, 30-12-2024: ESOP/ESOS/ESPS

RateGain has announced a board meeting to address an erratum in the previously reported grant of Stock Appreciation Rights (SAR) under the SAR Scheme – 2022. The correct number of SAR units granted is 37,640 instead of 27,429, with an exercise price of Rs. 834.70 per unit. The vesting schedule spans four years, culminating in a potential vesting of 40% in the fourth year. This adjustment underscores the company's commitment to transparency and could enhance investor confidence, reflecting positively on management practices and operational integrity. Investors might view this as a positive outlook, reinforcing trust in the company's governance.