Relaxo Footwears Limited — Others, 26-03-2025: ESOP/ESOS/ESPS

The Nomination and Remuneration Committee has approved the surrender of 6,25,360 Employee Stock Options (ESOPs) by 98 employees and the cancellation of 25,530 ESOPs due to the separation of 6 employees, all previously granted under the RFL ESOP Plan – 2014. These options have been credited back to the option pool, making them available for future grants. This move can enhance flexibility in employee incentives and may positively influence management's ability to attract and retain talent. Overall, the update suggests a strategic approach to human resources management, which may foster a positive outlook among investors.