RAYMOND IND (00229) has announced that on August 26, 2026, the company granted a total of 14.1 million share options to its directors, certain employees of the group, and service providers (collectively referred to as "grantees"), subject to acceptance by the grantees.

The options were issued under the share option scheme adopted on November 7, 2024 (the "2024 Share Option Scheme"), as detailed in the company's official announcement.

This move aligns with the company's ongoing incentive strategy, aiming to reward and retain key personnel while fostering long-term value creation for stakeholders.

The granting of these options is conditional upon the grantees' formal acceptance, after which the options will take effect as per the terms of the 2024 Share Option Scheme.

Further details regarding the exercise price and vesting conditions have not been fully disclosed in this initial release, but market participants will likely monitor the development for its potential impact on the company's equity structure.