Rox Hi Tech Limited — Important, 24-12-2024: General Updates

The Nomination and Remuneration Committee of ROX Hi-Tech Limited has approved the grant of 5,06,668 stock options to eligible employees under the 'ROX Employee Stock Option Plan 2024.' Each option, upon exercise, will entitle the holder to one equity share of the company. The exercise price will be determined as the lower of the weighted average market price over the past six months or the closing market price before the grant date, with a potential discount of up to 20%, but not less than the face value of ₹10 per share. Options vesting will commence after a minimum of one year, contingent upon performance or service milestones set by the Compensation Committee. This initiative aims to motivate performance and retain talent, indicating a strategic effort to enhance employee engagement and drive company growth. Investors should monitor the impact of this plan on employee productivity and long-term performance as it unfolds.