Refex Renewables & Infrastructure Ltd — Important, 11-02-2026: Company Update

Refex Renewables' Nomination & Remuneration Committee has approved granting 10,942 Employee Stock Options (ESOPs) to five eligible employees under its 2022 scheme. These ESOPs aim to align employee interests with company performance. Each option converts into one equity share with a face value of ₹10. Exercise prices are set at ₹197 for time-based options and ₹141 for performance-based options, reflecting discounts from a market price of ₹281.70. Options will vest over five years, starting after one year, and can be exercised within ten years of vesting. This move helps attract and retain talent by offering ownership.