ESOP will further motivate the employees and we will together work harder in our endeavor to scale newer heights, Refex MD Anil Jain said
MUMBAI, Sep 29 (The CONNECT) – Listed entity Refex Industries Limited, announced to give employee stock option plan (ESOP) which would be vested within the next 5 years. Refex had announced the ESOPs’ distribution for all eligible employees in the first tranche, on account of healthy growth.
“This scheme was started with 20,00,000 options that were set aside for employees, of which 7,00,009 Equity Shares were granted in the first tranche to some of the employees”, said Anil Jain, MD of Refex.
Refex is a diversified business involved in the area of Coal and Ash handling, Power Trading, Solar power generation and Refrigerant Gases’ manufacturing and re-filling. It is a pioneer in environmentally acceptable refrigerant gases.
The distribution of such ESOPs has been made inclusive and includes employees across all ranks and levels of Refex.
“The past 20 years have been a remarkable journey where we have been able to establish ourselves as a strong player in our business verticals. We have also been able to expand our business verticals over the years. This grant of ESOP will further motivate the employees and we will together work harder in our endeavor to scale newer heights as Refex”, Jain said.