Revolt Motors, India's No.1 electric motorcycle company, has granted Employee Stock Ownership Plan (ESOP) to all its employees as part of its 7th Anniversary celebrations. Revolt has extended this groundbreaking ESOP grant to every single employee, from senior management to shop floor workers. Revolt Motors decision to democratize stock ownership sets a new benchmark in the industry, highlighting its forwardthinking approach and dedication to building an inclusive and motivated workforce.
Revolt Motors has allocated 5% of its share capital to an inclusive ESOP scheme, covering all employees, be it software engineers, product managers, sales, administrative staff, and onroll shop floor workers. This breaks the traditional model of reserving ESOPs for senior management, reinforcing Revolt's belief in the vital contributions of every team member.
The exercise price of the options has been set at a significantly lower rate, offering all employees a unique opportunity for wealth creation. This ESOP scheme is designed not only to reward past contributions but also to inspire and align employees with Revolt's future growth trajectory. The company will continue to use ESOPs as a strategic tool to recognize and reward its workforce as it drives forward.
Speaking on the announcement, Ms. Anjali Rattan, Chairperson of RattanIndia Enterprises Limited, the parent company of Revolt Motors, stated, "At Revolt Motors, we are at the forefront of transforming the two-wheeler landscape in India. The creation of a new category takes an extraordinary amount of dedication, effort, and resilience. Our entire workforce has shown unwavering commitment to this mission, and it is not only our duty to recognize and reward their hard work but also to ensure that this recognition permeates through every level of this remarkable organization. The grant of these ESOPs to all employees is not merely a reward; it is an invitation for them to share in the wealth they help to create and to secure a prosperous future for themselves."
Shares of RattanIndia Enterprises Limited was last trading in BSE at Rs. 81.01 as compared to the previous close of Rs. 81.65. The total number of shares traded during the day was 217845 in over 1284 trades.
The stock hit an intraday high of Rs. 82.59 and intraday low of 80.60. The net turnover during the day was Rs. 17789784.00. |
