Refex Renewables & Infrastructure Ltd — Important, 21-02-2026: Company Update

Refex Renewables & Infrastructure's Nomination & Remuneration Committee has approved granting 10,942 Employee Stock Options (ESOPs) to five key employees under its existing scheme. This move is strategic to incentivize talent and align employee performance with company success. Each ESOP converts into one equity share. Exercise prices are set at ₹197 for 30% of options (time-based) and ₹141 for 70% of options (performance-based), reflecting discounts on the ₹281.70 market price. Options will vest over five years, enhancing employee commitment and shareholder value.