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An update from Ritco Logistics Ltd. ( (IN:RITCO) ) is now available.
Ritco Logistics Ltd. announced changes to its employee stock option plans. An employee’s departure led to the cancellation of 2,500 unvested stock options under the ‘PRAGATI KI AUR’ Plan 2022, reducing the outstanding options to 234,500. Meanwhile, the company has approved the issuance of 100,000 new stock options under the ‘Pragati Ki Aur-II’ ESOP Plan 2023, bringing the total outstanding options for this plan to 195,000. These adjustments aim to maintain employee motivation and align company interests, potentially impacting stakeholder engagement and employee retention strategies.
More about Ritco Logistics Ltd.
Ritco Logistics Ltd. operates in the logistics industry, providing comprehensive transportation and supply chain management services. The company focuses on delivering efficient logistics solutions to businesses across various sectors.
YTD Price Performance: -25.96%
Average Trading Volume: 7,394
Current Market Cap: 9.01B INR
See more insights into RITCO stock on TipRanks’ Stock Analysis page.